Expiration of Homebuyer’s Tax credit

On April 30th, the tax credit expired in a relatively quiet manner… leading us to assume that the housing market is on more solid footing. When the original homebuyer tax credit was set to expire at the end of last November, there was much lobbying from Realtor groups and industry participants to extend the tax credit because housing needed more support at the time. While there was some word of a possible extension, those rumors were laid to rest as the tax credit expired. The housing market will now carry forward without government propping up demand, and only now will we be able to truly move in a positive direction and gauge the true health of the market.

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