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Tax Credit No Aid To N C Housing
Raleigh and North Carolina housing leaders say the federal income tax credit for new homes has not spurred a housing boom. Through mid 1975 starts fell short of 1973, with 2,619 starts versus 4,029 in 1973, as high prices and rates deter buyers. Mortgage rates around 9 percent deter purchases more than the tax credit, officials say.
MENTIONED IN THIS ARTICLE
High Point Enterprise
N.C
Robert B. Cullen
Associated Press
Raleigh
North Carolina
State Department of Labor
H. A
Underwood
Raleigh Board of Realtors
Hunter Dalton
Davidson College
University of North Carolina At Chapel Hill
Hunter Dalton II