The Rush is Almost Over

I feel like E & I are the only people happy that the tax credit is about the expire. We constantly hear about all these people who are rushing to buy a house just to get the $8K stimulus. Thankfully, once Friday hits, it will be practically impossible for someone to buy a house in time to close by November 30th and get the stimulus. We are hoping this translates into a lot less competition in the market and possibly some more negotiating wiggle-room.


For now, it doesn't look like an announcement on extending the credit is coming, but the buzz in the REA world is that it will likely be extended through June. I hope that if extended, it doesn't cause another last-minute rush to buy. Then we can continue take our time looking at everything available and make a decision. We won't complain if we get $8K at the end of this, but we'd rather miss the deadline if it means finding the perfect house.

Here's to hoping that the end of the stimulus and the frigid Pittsburgh winter translates into a less-frustrating buying environment for us.