Saturday, February 27, 2010

Tax credit helps buyers all over the country

It’s approaching the time when the tax credit will be over. And more and more people try to use the opportunity to buy a house till the end of April.

Of course it influences the number of purchases. In such states like Utah, California the inventories of house have reduced in size in spite of all negative points that a location can have. And the foreclosure rates have gone down. Many sellers try to exaggerate the prices, but it doesn’t do them any good. For example in California where the season starts at the end of April, the increase in sales has been significant. Many buyers there say that they are confident about their financial situation right now. If we speak about South Carolina, the spring is going to be hot as there’s also the growth of purchases there. Although the prices are rather high there, the people are still eager to buy some property before the end of April.

They say that the real estate market is the reflection of the national economy. So as the market is going up, it means the economy is improving.

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