Sun Setting on Tax Credit

Today is the last day that first time home buyers can take advantage of the $8,000 tax credit provided by the federal government. Nationwide, 1.8 million people took advantage of the opportunity, as did over 2,500 Vermonters. While it remains to be seen how the elimination of the credit will impact the local market going forward, I remain optimistic that things will continue to improve. Chittenden County home prices remain at a competitive level, housing supply is high, and interest rates are currently at historical lows. This spring and summer should continue to be active and present buyers with tremendous value and opportunity.

BFP Article