| lass="article_content"> In hopes of supporting home | | | | position to take advantage of the program and would |
| sales across the nation, the federal government | | | | like to take advantage of the tax credit for home |
| extended their home buyer’s tax credit | | | | buyers are struggling to sell their own homes so that |
| program last fall to last until April 30th; and while the | | | | they can take advantage of low interest rates, |
| government would like to see their tax credit programs | | | | depressed prices, and an excess of available |
| helping to support the incidence of home sales, in many | | | | inventory. As a result, many of the people who are |
| areas it is evident that this trend is just not coming to | | | | buying homes currently are first time buyers; they |
| fruition. | | | | don’t have homes that need to be sold to be |
| There are many factors that are keeping the rate of | | | | able to finance a home purchase, after all. |
| home sales down that can’t be completely | | | | Unfortunately, the numbers of people who can afford |
| offset just by the offering of the home buyers’ | | | | to buy their first home aren’t high enough to |
| tax credit. Across the nation, unemployment rates are | | | | support the market in a big way. |
| still sitting at very high levels, while many people who | | | | Experts say that one of the biggest factors in many |
| are working are sadly under employed and making | | | | areas across the nation is the lack of consumer |
| less money than they were when the recession first | | | | confidence; unfortunately, confidence in the market |
| hit. It is reasonable to assume that even if the | | | | isn’t something that can be bought with a tax |
| government promises to give you a tax break for | | | | credit or even with lower interest rates. For the return |
| buying a home in this economic climate, you have to | | | | of consumer confidence, only time will tell what works; |
| be reasonably unscathed by the current recession to | | | | it does not seem that government spending is helping |
| actually be able to take them up on that offer. | | | | to return this confidence to the nation. |
| Many current home owners who are actually in a | | | | |