The Massachusetts Association of Realtors has released a survey showing that real estate brokers are more optimistic than they were a year ago. But Scott notices the part of the survey that indicates Realtors aren’t exactly optimistic about the market after the federal home tax credits expire this spring. Scott:
Well guess what bears? More than a few real estate brokers are also bracing for life in the post tax credit world as well. … Of course, it doesn’t take a rocket scientist to figure out that once the government stops spending billions to subsidize home buyers, gee whiz, sales may drop.
But the MAR survey at the least makes clear that a lot of people in the real estate business aren’t drinking the Kool-Aid either – the idea the tax credit would kickstart a stalled housing market.