According to a new Zillow survey, nearly 20% of first-time home buyers say that extending the $8000 tax credit would be a primary influence on whether they would buy a home in 2010.

In the survey: “18% called the credit the primary influence in their decision; 25% said it would be a significant influence; and 27% said the credit would have some influence.”

The 18% translates to about 334,000 first-time buyers who would buy a home in 2010. The addition of that number of buyers could make the difference between a substantial increase in home sales and a flat or negative change in home sales.

The current $8000 tax credit for first-time buyers is set to expire on Nov. 30, 2009. Home buyers who do not currently own a primary residence or who have not owned one for the past three years are eligible for the credit.

This entry was posted on Saturday, September 26th, 2009 at 4:37 am and is filed under Buyers, First-Time Buyers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.