Tax incentive helps housing market.

[flippinout]

It is said that the $8000 tax incentive has been helping the housing market. This $8000 tax credit for first time home owners seems to be the contributing factor in kickstarting the market.

In July, existing home sales rose 7.2%, which is the largest month to month jump since 1999. So with the $8000 tax credit, lower interest rates, and lower home prices, it seems that the market is finally stabalizing.

A lot of first time home buyers are hurrying to find just the right home before the offer of the $8000 tax credit ends in November, and so that they can close before the end of 2009 in order to take advantage of the tax break.

[flip_it_fast]

This is what I had also heard and I read too that people who want to take advantage of the credit need to get house shopping right now! By the time you get through all of the channels to purchasing a home you will be cutting it close to the deadline.