Home Sales Decline Following the End of the Tax Credit Stimulus

If you couldn’t remember, you could tell exactly when the Federal Home Buyer Tax Credit ended by looking at this chart – April 30, 2010. Beginning in May we see a steep decline in the number of homes that went under contract. I predict that the number of buyers begins to increase as the summer wears on and interest rates keep falling, though I do not think it will be a substantial change. *I created this chart for a specific client in a sample area of KC by gathering numbers and sale info from the local MLS. The information is deemed reliable but not guaranteed.