Hello neighbors,

As many of you may already know, the expiration of the Home Buyer's Tax Credit is now upon us. Expiring on April 30, 2010 the tax credit is being credited with helping to improve the housing market. With its expiration, do you feel that many consumers will continue shopping for a home or will this expiration of the tax credit deter consumers?

Well according to a recent survey by Prudential Real Estate and Relocation Services, Inc., 65% of consumers feel the end of the tax credit will not have an impact on their interest of purchasing a home. The survey consisted of 1,000 Americans between the ages of 25-64 with an income of at least $35,000.

Over 90% of those surveyed believe that the home buyer tax credit definitely helped the U.S. housing market as well as first time home buyers.

In addition, the recent survey showed how optimistic consumers are about real estate values with 46% predicting prices to increase in their area within the next year. However, 12% believe prices will decline.

As for the future, 79% of those surveyed expect real estate prices to raise with 20% estimating a substantial increase over the next five years.

As for renters, 75% believe home ownership is a better long term choice opposed to renting.