As we approach the end of the federal tax credit incentive for the housing market, discussions are starting to whether or not extend the tax credit. I recent read two contradicted articles. According

[Marcelo Da Silva]

As we approach the end of the federal tax credit incentive for the housing market, discussions are starting to whether or not extend the tax credit. I recent read two contradicted articles. According to a survey from CAR (California Association of Realtors), 40% of first time would not have purchased a house if it were not for the tax credit. In addition to that 70% of all buyers, first or second home, say that is was "very important" or "most important" in their decision process.On the other hand, a survey from Zillow shows that the tax credit was not a fact for most first time buyer when making a decision to purchase a home. Only 18% would be swayed to purchase a house in 2010 if the tax credit is extended. The discrepancies in the surveys is like water and wine. Who is right?

[Marcelo Da Silva]

Hello Steve! You are right. That's why I prefer talking to the people involved in the issue. In this case, the realtors, lenders, inspectors,etc. This a better way to measure. Not to mention here! :-)

[Steve Adkins]

I have never put a lot of weight into "%" surveys. It is way too easy to twist numbers around to say what you want it to.