March is typically the beginning of the home buying season, but this year buyers are starting early. Thanks to the first time and move up buyers tax credits, of course, both of which buyers have to have an accepted offer on a property no later than April 30th to get. March through May usually is the busy time for buyers, especially those that want to move while the kids are out of school and be settled before the next school year starts.
"The tax credit will absolutely have an effect," says Pete Flint, CEO of residential real estate search engine Trulia.com. "It is going to shift demand from the later part of the year to the first part. January and February will be very strong. The next three months, there will be a surge in demand."
This is true for the winter, but there will be a huge drop in buyers from May on. The rest of 2010 will not be good for sellers.
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