Home buyers, hoping to cash in on federal tax credits expiring midnight Friday, are boosting the local housing market, AJC reporter David Markiewicz writes.
The temporary tax credit also has given sellers a brief period of negotiating leverage with buyers who’ve otherwise held the edge in the housing downturn, Markiewicz reports.
“We’re a seeing a flurry of activity to beat the deadline,” said Mike Wright, managing broker of Harry Norman Realtors Intown Atlanta.
Brokers said while they haven’t been overwhelmed by demand, the number of deals coming to the table this week is above normal.
First-time home buyers can qualify for a credit up to $8,000, while other buyers can get up to $6,500.
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