The large majority of the 1.8-2.0 million will have been renters. However, that doesn't take into consideration the number of college graduates (and some high school graduates) who might not have previously been classified as renters. According to the Bureau of Labor Statistics, an estimated 1.24 million bachelor degrees were awarded in 2008. See http://www.bls.gov/opub/ooq/2000/Fall/art01.pdf So, add in a few more who graduated from graduate school, subtract about the same number who probably went on to graduate school, and throw in some high school graduates, and you have an additional population of at least 1.25 million eligible buyers. True, a lot of them will rent. Some will return home to live with their parents. But let's say that 10% of them buy. Maybe they saved the money themselves. Maybe their parents helped with the down payment. (Anything to keep Junior from moving back in!) Maybe after 21 years they were just tired of living at home, living in dorms, etc., and finally wanted a place of their own. I'd be willing to guess that at least 125,000 college graduates (and probably closer to 200,000, maybe even higher) purchased a home in 2009.
Hope that helps.
Before the Nov. 30th deadline between 1.8 and 2 million people will have cashed in on the tax credit. The credit excludes anyone who has owned a home in the last three years, so the vast majority of the 1.8 and 2 million people are renters. I hope this helps.
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The only statistic that has publicly come out is that it is estimated that the total credits the feds have to spend is double the original budget.
That is what is hampering the extension of Nov. 30th time limit.
But it is widely anticipated that there will be an extension.
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"Approximately 1.9 million buyers are expected to receive the credit, but more than 85 percent of these would have bought a home without the credit. This suggests a price tax of about $15 billion â€“ which is twice what Congress intended â€“ for approximately 350,000 additional home sales. At $43,000 per new home sale, this is a very expensive subsidy. "