Move-Up Tax Credit. How is that Working for You?

Time is flying by and the tax credit deadlines loom. I have noticed in our area that the move up credit hasn't really done much for our marketplace. A few first time buyers have ventured out to see if they can capture the First Time Buyer credit but move-up buyers have been non-existant.

I believe in our market it is because they can't sell their existing homes because the foreclosure sales are dominating the marketplace. How is this working out for you? Are you finding the same thing or are more "Normal" markets benefiting from the second tax credit. Unfortunately here because we are a second home destination, it hasn't made much difference in our Buyer traffic.

I was just curious as to how this is working in other areas.

Have a great evening everyone.