This week our local paper (The Bradenton Herald) ran a great story that I would like to share with you. I encourage you to take a moment and read it if you are thinking of buying (or selling) in the near future.
Homebuyer tax credits expire Fri.; Then what?
By DUANE MARSTELLER
MANATEE — Like the glass slippers on Cinderella’s feet, a pair of federal tax credits have lifted the local housing market from the doldrums. But with the clock set to strike midnight on Friday, when the credits expire, many wonder: Will the market become a pumpkin or a princess?
Some say the sales boost fostered by the government incentives will continue even after the credits end, with low mortgage rates and prices spurring sales. But others believe the sales bounce will be short-lived, undercut by high unemployment and rising interest rates.
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