Tampa Bay Realtors fear thankless Thanksgiving
Here are results from a Tampa Bay Realtor survey contained a larger national report from Credit Suisse:
Agents said that a poor economic outlook and the upcoming expiration of the $8,000 tax credit contributed to the October slowdown. One agent said, “Unemployment and low consumer confidence,” were responsible for the low traffic levels. Another noted that, “The $8,000 tax credit time limit,” to close on a home before Nov. 30th caused buyers to remain on the sidelines, as buyers who signed a contract in October had limited time to complete the closing process by the credit’s deadline. Yet, despite this timing issue, some agents saw a last minute rush of buyers trying to sign and close on a home to be eligible for the tax credit. This may create a greater potential slowdown for November, as traffic, which may not have existed in October without the credit, is pulled forward, leaving a void in November.
The full report is here: Download Creditsuisse. It talks Tampa turkey on page 25.
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Housing market news is the focus of the (Un)Real Estate blog. It offers an inside look at the Florida housing market and real estate news, with a focus on Tampa Bay. Its goal? Simple: To help you keep a roof over your head without losing your shirt.
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