NORWALK - The housing market is seeing a lot of activity this month as first-time buyers scramble to close before the federal home buyer tax credit expires.
The federal incentive gives first-time home buyers a tax credit of up to $8,000. According to Norwalk realtor Bob Duff of William Pitt Sotheby's International Realty, the fast approaching Nov. 30 deadline has stirred local home sales.
Realtors say buyers only have about 10 more days to make an offer on a home in order to complete the process and close before the end of next month. They say with the federal incentive, low interest rates and low housing prices, now is the ideal time to buy.