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With the federal tax credits expiring on 4/30 for both first time buyers ( including those who have not owned a home in the past 3 years) and for those current home owners who are buying after living in their current home 5 out of the past 8 years, what will happen to the market?

It's anybody's guess. With the governments "cash for clunkers" car trade in program, automobile dealers saw a decline in sales. Pent up demand was exahausted and those "on the fence" quckly decided and took advantage of what Uncle Sam had to offer them.

With homes, will it be the same? New listings now are fierce. Prices are fair and I am finding them to be rising from what I have seen in the past. Buyers are out there and I am still seeing multiple offers on homes that are priced fairly or even just a tad bit under market value.

With real estate, unlike cars, someone is always needing a home. Someone is always getting married, divorced, moving in for a job or for some other reason or moving out. It seems the incentive did its job and sales boomed during this tax credit period, however, the market will continue after this is over.  So, if you are still planning on buying or selling, yes, there will be homes for you to buy and if you are selling, there will still be buyers to buy your home.

Please call me if you have any questions! 518-366-2856

Karen