A record 844,000 prospective home buyers visited a web site called FederalHousingTaxCredit.com in February to learn about the new $8,000 tax credit for first-time home buyers that was enacted last month as part of the landmark $787 billion economic stimulus package.

www.FederalHousingTaxCredit.com showed a spike in traffic on its web site which real estate brokers are hoping that this is a strong indication that the tax credit will help get some fence sitters into the market and will help breathe some life back into the housing market.

While real estate brokers are disappointed that the tax credit was not larger and was not extended to all home buyers, Congress did make it a true tax credit. Unlike the credit that was enacted in 2008, it does not have to be repaid.

Daily site traffic at www.FederalHousingTaxCredit.com started building in the week before the economic stimulus legislation was enacted, and peaked at almost 59,000 on Feb. 18, the day after the legislation was signed.

National Assoc of Home Builders think that the tax credit will result in about 160,000 additional home sales in 2009.

Source: NAHB

Author Profile

John Ford
John Ford

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs

In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.


For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.


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John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.

John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114



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