As the federal tax credits come to an end, home buyers everywhere are hurrying to get in under the wire.
But in California the rush has turned into something of a stampede as some would-be buyers try to qualify for both the federal credit and a $10,000 state credit that kicks in Saturday.
As one home shopper tells the Los Angeles Times, I am looking at properties almost constantly, and it is just kind of a feeding frenzy right now.
The stimulus has worked, says Rick Hoffman, president of Coldwell Banker Residential Brokerage in San Diego and Temecula Valley. Buyers are confident that we have seen the bottom of the real estate market and that we are on the way back up.