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Loan Modification

: Mortgage Lender Implode-o-Meter

Tax Credit Uncertainty Not Benefiting Housing Market

By Implode-Explode Heavy Industries

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"The tax credit certainly influenced these numbers. Many prospective homebuyers rushed to meet the April 31 deadline so they could receive the tax credit, and that undoubtedly interrupted the month-to-month flow of housing. By leaving the possibility open for another tax credit, it could have the opposite effect. Prospective buyers might hold out and wait to see if the credit returns."

Full post as published by Mortgage Lender Implode-o-Meter on September 01, 2010 (boomark / email).

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