See article Here: Tax Credit Extension Update
It’s a solid report of expected good news for an extension. Several notes about made in the reading about the New Contruction sales down should not come as a surprise at all. The past 3 months have reported a declining number in NC contracts. With NC building timelines 4-6 months, closing by Nov. 30th would be a great risk. This extension discussion I believe will push solid traffic even through the winter months. Bringing even more activity from those who fell out of the idea of buying.
We will continue to monitor the activity on our Local Greater Cincinnati MLS over through the remainder of Fall and on into the winter months.
Note to sellers, this does not give you incentive to remove your home from market and relist in the spring. There will be a lot of people doing that already. The inventory will shrink, which will strengthen your leverage to move your home even in what could be somewhat slower winter months.
