Move-up Buyers Face Hurdles

Home owners are finding it difficult to take advantage of the move-up tax credit, which is one more handicap slowing the housing market. Move-up buyers represented 53 percent of the 2009 market, down from an average of 60 percent in previous years, according to the NATIONAL ASSOCIATION of REALTORS®. While many would like to take advantage of the tax credit, a significant number are unable to sell their current residences and/or get financing for a trade up.

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