In many private conversations I’ve had, the general consensus has been that this tax credit hasn’t had much impact, that people really don’t care, that first-time home buyers aren’t buying that many homes, even that people are not aware of the credit.
Personally, we have yet to have a potential home buyer say, “The only reason we are buying now because of this tax credit”. (And that’s a good thing, as it is a horrible reason to buy if that’s the only reason you are buying.)
But that doesn’t mean the tax credit is not a factor. Many of our buyers mention it as one of several reasons they are buying; including the tax credit with things like historically low interest rates, low home prices, “good deals”, and the age-old “I’m tired of renting”.
Are people aware of the tax credit? Is there interest in it?
I’ll let the statistics for this blog speak. You tell me. Here are the top 25 search terms people used to find this blog last week.
|1||15000 tax credit first time home buyer||292|
|2||15000 tax credit home buyers||185|
|3||15 000 tax credit for home buyers||184|
|4||15000 tax credit||169|
|5||phoenix real estate guy||128|
|6||home buyer tax credit 15000||83|
|7||15000 home buyer tax credit||80|
|8||15 000 tax credit||67|
|9||phoenix real estate||57|
|10||15,000 tax credit for home buyers||49|
|11||first time home buyer tax credit 15000||46|
|12||$15,000 tax credit||39|
|13||15000 tax credit for home buyers||37|
|14||15k tax credit||37|
|15||first time home buyer tax credit increase 15000||31|
|16||the phoenix real estate guy||31|
|17||15,000 tax credit||30|
|18||home buyers tax credit 15000||27|
|19||phoenix real estate blog||27|
|22||border crossing mexico||21|
|23||home buyer tax credit||21|
|24||15 000 tax credit for homebuyers||20|
|25||15 000 home buyer tax credit||19|
18 of the top 25 search terms used last week were related to the $15,000 home buyer tax credit (a total of 1,416 visits). Granted, these top 25 searches only account for 1,730 of the 12,058 visits here last week, but the point is people are looking for information on the tax credit, and presumably some fraction of those are acting on that information. For how many the tax credit is a major factor in actually deciding to purchase a home is the big question that can’t really be answered.
For the statistically obsessed, there were 8,210 visits here last week from search engines ”“ and 5,096 search terms were used. That’s a testament to the “Long Tail” of search. (And if you care, 7,229 of those 8,210 searches were done on Google ”“ a testament to the fact that Google is taking over the world.)
A total of 2,975 visitors using a search term that included “tax credit” stopped by last week ”“ that would be 24% of the visitors to this site.
Since the tax credits were first discussed back in February of this year 31,168 searchers using 11,637 different terms including the words “tax credit” have visited Phoenix Real Estate Guy.
True, 31,000 people isn’t a lot compared to the general home buying population of the U.S. But this is just one insignificant spot on the vast, world wide even, web. If there are 31,000 people looking for information here, how many more are looking elsewhere?