KENNEWICK, Wash-- If you haven't signed the paperwork yet - you're out of luck. The first-time homebuyer tax credit ends at midnight Friday.
We wanted to find out just how successful the program *really* was. It gives first time homebuyers up to $8,000 and repeat buyers $6,500. But with an already strong local housing market, did it make any difference?
A Windemere real estate broker says it likely got people talking, but low interest rates also attracted homebuyers.
"We're at an average of about 5% right now, the lowest many of us have seen in history. At least it's the lowest in the last 40 years," explains Dave Retter with Windemere. "And that's what's spurred a lot of people to buy, you're (essentially) buying a lot more home."
Retter says we're on pace to have another above average year, almost as good as 2007--which was their most successful year to date.