Well...April sure ended with a flurry of activity! I can tell you if my own experience reflects the entire Sacramento real estate market's activity, there sure were a lot of eager buyers seeking to take advantage of that federal home buyer tax credit before the April 30th deadline last month! Interestingly enough though, I am working with several buyers who did not get into contract before the April 30th cut-off...and they are all still very excited and eager to own homes, with or without a tax credit. I find this extremely encouraging! I am also working with several "move-up" buyers (non-first time home buyers) that were not necessarily motivated by the tax credit, despite the fact that many of those folks also qualified for a lesser tax credit. Not sure if this little bump in the price per square foot in Sacramento County was spurred by the tax credit deadline...I suppose time will tell.
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