Another interesting blog find over at The Wall Street Journal debating on whether on not home buyers should wait until after the April 30th deadline. I know you’re probably thinking, “Why is that even a question?” The article mentions some evidence that in the last weeks of the tax credit an increase in demand has been created with home buyers looking to take advantage of the “deal” that is the Tax Credit. In certain markets this can create inflated home prices as well as bidding wars for certain properties driving the prices up higher than the $8,000 credit you’ll receive.
What do the readers think? Have you noticed any spikes in prices in certain areas? Do you think it’s a good idea to wait?
Tags: Home Buying, Tax Credit