Helpfulinvesting.com

RISMEDIA, June 29, 2010—(MCT)—Home shoppers who missed the April 30 deadline for a housing tax credit might have the last laugh. For a variety of reasons, they could end up saving more than the ,000 they could have received from the tax refund.

In some neighborhoods and price ranges, sellers are dropping their prices because buyers are harder to find now that the credit has expired. Builders and real estate companies began offering promotions after the tax credit ended that, …

The 00 tax credit expires in two weeks. The increase in buyer sentiment the media touted as the housing market turn-around will officially be seen as the temporary fix it was.

According to NAR, National Association of Realtors, between 55,000 and 75,000 buyers who are under contract are risk of not closing in time to claim the tax credit.

NAR is already screaming up the steps of the Capital Building for an extension.  They are afraid the increase in momentum …

The Tax Credit extension was officially signed into law over the weekend.   With over 36% of all home sales in 2009 involving the tax credit, proponents assume that the extension will continue to drive home sales.   Realtor® Magazine went as far as to estimate that the extension will drive another billion into the economy.  Over 2 million people have used the tax credit so far.