94% Say ‘Would Have Bought Home Without Tax Credit’
We’ve expressed doubts with regards to claims that the homebuyer tax credit was responsible for up to 50% of the year’s increase in home sales.
Industry groups like the National Association of Realtors (NAR) and the National Association of Home Builders (NAHB) pleaded with lawmakers to extend and expand the tax credit, for without it, the housing market would “freeze again.” The NAR estimated that “350,000 sales, or nearly half of the 710,000 increase in home sales since January, are directly attributable to the tax credit,” wrote the Wall Street Journal last month.
