Consumers optimistic, unshaken by tax credit expiration
New data released
According to a national survey commissioned by Prudential Real Estate which revealed consumers are optimistic overall regarding the real estate market and see rising value in property, indicating that 65% of current shoppers are unaffected by the expiration of the tax credit and will continue shopping.
Prudential surveyed 800 random consumers online in April of this year, aged 25-64 with annual household incomes over $35,000. Prudential’s data mirrors national data released recently showing an overall optimism in the market which is a drastic change from last year.
The numbers in color:
Rather than cite endless numbers in paragraph format, below are some of the key points as reported by Prudential.
CC Licensed image courtesy of newneonunion via Flickr.com.
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This article published on Wednesday, April 28th, 2010 at 9:17 pm | Contact the editor
Topics: News
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Tara Steele is the News Director at AgentGenius, covering real estate news, technology news and everything in between. If you’d like to reach Tara with a question, comment, press release or hot news tip, she frequently checks her email, simply click the link below.
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- Simplistate | Blog » Prudential: Consumers optimistic about real estate market, unshaken by tax credit expiration:
[...] Read the full story here. [...]
- Tax credit dying, why you should celebrate the good news [OPINION]:
[...] evidenced by these reports here and here, consumers are telling the entire real estate industry loudly and clearly that it [...]
- Jennifer Fly:
Consumers optimistic, unshaken by tax credit expiration http://ht.ly/1EEqX
- Century 21:
Consumers optimistic, unshaken by tax credit expiration http://bit.ly/9g772d (@agentgenius)
- BHG Real Estate:
Consumers optimistic, unshaken by tax credit expiration (@AgentGenius) http://ow.ly/1EH8z
- Debbie Woodall:
Consumers optimistic, unshaken by tax credit expiration http://bit.ly/c0lzvA
- AgentGenius:
RT @LeadToRealty: Great visuals & stats about how the Tax Credit has affected consumer's view of the Real Estate Market, @agentgenius http://bit.ly/cdKUVX
- AgentGenius:
#agnow Great Post, loved the info. Great work http://bit.ly/aKoj6H
- Rocky Benedetto:
Consumers optimistic about real estate market, unshaken by tax credit expiration http://regator.com/?u=3ymh2v
- AgentGenius:
#agnow Great comments.
The statistics are very helpful.
There are still a considerable number of folks that sti… http://bit.ly/aKoj6H - AgentGenius:
#agnow definitely some interesting data, thanks for sharing. i still don't see much substance behind this "recover… http://bit.ly/aKoj6H
- Stewart Title Group:
Consumers optimistic, unshaken by tax credit expiration (Agent Genius)http://dld.bz/bNCr
- RRAR:
General attitude isn’t worried about the tax credit extension expiration http://bit.ly/d9Ei2I
- Atlantic Breeze:
RT @RaleighREALTORS: General attitude isn’t worried about the tax credit extension expiration http://bit.ly/d9Ei2I
Benn Rosales
Conal Campbell
Elijah May
Lani Rosales
Tara Steele
Marti Trewe
Charlene Jimenez
Nice work. Interesting. We create our own future, don’t we.
Cheers.
Sorry Tara – beg to differ on your title here – when 1/3rd state they will be somewhat or much less interested in buying, that’s not “unaffected” – and when fully 40% believe the expiration will negatively affect value? There’s a between-the-lines here that’s troublesome to me. I did love the post, though! Great, comprehensive survey with a wide variety of questions!
Navy Chief, Navy Pride
Those numbers all indicate minorities, so I think the title is still accurate, especially given that the majority of Realtors have been screaming bloody murder that sales would stop when the tax credit expires. The study results beat economists’ forecasts for sentiment as well, so I think at the very least it’s a shimmer of hope that this summer might not be as bad as last summer!
Great Post, loved the info. Great work
Great comments.
The statistics are very helpful.
There are still a considerable number of folks that still qualify for the tax credit, at least for another year.
definitely some interesting data, thanks for sharing. i still don’t see much substance behind this “recovery” but call me crazy. =)