Tax Credit Gets Buyers Off the Fence

The new $6,500 move-up Homebuyer Tax Credit is apparently motivating buyers, according to a Campbell Communications survey of 1,500 real estate practitioners.

Existing home owners accounted for 41 percent of home purchases in November, up from 38 percent in October, the survey found.

“Current home owners jumped at the credit,” says survey research director Thomas Popik.

Source: Housing Wire, Austin Kilgore (12/22/2009)