the tax credits had little effect on buying home
Posted on April 28th, 2010 in Digital Camera Batteries, Uncategorized, battery news, laptop battery site | No Comments »
Among consumers shopping for homes, 65 percent said the end of the tax credits will have little or no effect on their interest in purchasing a home, according to the survey, which was conducted by Prudential Real Estate and Relocation Services, part of Prudential Financial (PRU.N).
Consumers remain unsure about the direction of the housing market, but are optimistic about real estate values, with 46 percent expecting prices in their area to increase over the next year. Just 12 percent expect prices to decline, the survey found.
Over the next five years, 79 percent expect prices to increase, and 20 percent expect prices to increase substantially.The survey was of 1,000 Americans between the ages of 25-64 with household income of at least $35,000; it was conducted from April 15-20.
“While the tax credit expiration is a concern for many, the bigger issues now are the availability and cost of financing as well as if they will have a job,” he said.Rising mortgage interest rates and unemployment were cited as the most important factors affecting consumers’ decision to purchase a home, along with more stringent lending criteria and fewer mortgage-backed securities purchased by the Federal Reserve.
Of those who have recently purchased a home, 61 percent cited low mortgage interest rates as “very important” to their decisions, outstripping those who cited the tax credit or cheaper prices. But 66 percent expect interest rates to rise, underscoring potential headwinds for the market.
View More : HP-Compaq laptop battery , Toshiba laptop battery