Homebuyer tax credit site attractes more than 840,000 visitorsMortgagePress.comNational Association of Home Builders, FederalHousingTaxCredit.com, Joe Robson
A record 844,000 prospective homebuyers visited the National
Association of Home Builders' (NAHB) FederalHousingTaxCredit.com
Web site 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.
"We are very pleased and encouraged that so many people are
visiting our informational web site at
www.FederalHousingTaxCredit.com," said Joe Robson, chairman of NAHB
and a home builder from Tulsa, Okla. "The spike in traffic on our
Web site 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 depressed housing market.
"While we were disappointed that the tax credit was not larger
and was not extended to all home buyers, Congress did make it a
true tax credit," Robson said. "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.
NAHB anticipates that the tax credit will result in about
160,000 additional home sales in 2009.
For more information, visit www.NAHB.org.