A lot of house buyers are worried about not being able to ourchase a property before April 30 because of the finishing of the subsidary period. The hustle and bustle around closing the house buying deals before April 30, caused by the stopping of the $8,000 dollar first time homebuyers credit or the $6,500 current homebuyers credit issuing, is considered by some brokers and agents to be a planned action. The idea of loosing either $8,000 or $6,500 by not meeting the deadline of 30th April made worried a great number of house buyers and forced them to close their purchases faster and for higher prices, that made many consider this to be an artificially created bump in the market at the expense of taxpayers.
As many experts in the industry state, that the problem is that since everyone knew about the tax benefit, the prices for the houses were higher. The main aim of the tax credit was to speed up the processes in the real estate market to walk the situation out of the depression. The scheme works as follows: you decide to purchase a house, but the price is not affordable for you because of the abolition of the subsidiaries. But a house seller can negotiate you into a lower price, because they know that the market has shifted down. This will push you into buying. This can be compared to a sale in a clothing store, but in the given aspect, the government was giving a subsidiary to house buyers, but not a manufacturer.
It is obvious that the average pricing for houses for sale will drop down in a little while after the subsidiary had run out. Moreover, the government will stop giving away the money of taxpayers as subsidiaries, and all will return to its places.
We deem that there no need to be worried or upset about the due date of the subsidiary, as it was just another governmental trick. Anyway, we are not supposed to talk about that loudly for at least a couple of weeks.