Mary Grunmeier

Housing

Home Buyers' Tax Credit Backlash

The $8,000 tax credit for first time homebuyers was set to expire on Nov. 30. Last week, it was both extended and expanded. As a result, two of my listings, which were under contract have become fall-throughs. In other words, the buyers backed out of the deals. The extension/expansion convinced them that there would be a better deal for them...either a better house or a better price. So frustrating!

24 Midway Court, Rockaway, NJ, 225 Richard Mine Road, Wharton, NJ