Tax credit for first-time buyers spurs Denver home sales
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First-time homebuyers have been swarming into the Denver real estate market, eager to take advantage of a federal tax credit of up to $8,000 for the purchase of a home.
And with the program’s Nov. 30 deadline looming, real estate agents say they are busier than ever.
“The traffic has definitely increased since Labor Day,” said Andrew Darlington, a broker with Your Castle Real Estate. “A lot of buyers heard the tax credit was going to be extended and were waiting to see about their employment status and mortgage rates. Now they realize it hasn’t been extended, so they’re out looking.”
