WTOL.com, Toledo's News Leader, News 11 | Businesses say first-time home buyers are spending their $8K
Member Center:
By Erica Shaffer - bio | email
Posted by Lisa Strawbridge - email
TOLEDO, Ohio (WTOL) - From big stores like Appliance Center to smaller stores like Hardware Unlimited, businesses say first-time home buyers are spending their $8,000 tax credit.
"It's sparked business. People are buying LCD televisions. People are redoing their kitchens," said Jim, who works with Appliance Center.
Stores don't track tax credit dollars, but they say the types of products and how much a customer buys gives them an idea what tax credit money is coming through their doors.
"You can just tell by what they are talking about, multiple items instead of just replacing a single faucet. They are talking about upgrading a bathroom, maybe. Instead of talking about painting one room, they are talking about painting the whole house," said Jim.
Store managers are excited that the home buyer tax credit will likely be extended fans expanded to include home buyers who have owned a home before. They say it makes it more likely home buyers will continue to bring money into their stores.
Home buyers will have to close by June 30 to qualify for the extended tax credit.
Copyright 2009 WTOL. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Comments Terms of Use: We welcome your participation in our community. Please keep your comments civil and on point. Notify us of any inappropriate comments by clicking the “Mark as Offensive” link. You must be at least 13 years of age to post comments. By submitting a comment, you agree to these
Terms of Service
You must be logged in to leave a comment. Login or register See all comments |
Monday-A Special Report: Oprah & A No Holds Barred Conversation With Child Molester: Oprah sits down for one of the most honest conversations she's ever had with four convicted child molesters.
