Directly, probably not. Indirectly, maybe, but to a limited degree. The Obama tax credit had income limits that made it virtually impossible to qualify for in affluent areas like Armonk (or for most other white collar workers in the NYC area, given the higher incomes/cost of living here). And the dollar amount of the credit was relatively small compared to home prices in that area. However, if homebuyers looking to move up needed to sell their homes in a cheaper neighborhood in order to buy in places like Armonk, then it would have helped them sell to a degree, which in turn helps them to buy in Armonk. Also, human behavior can be strange. Some people would drive 20 miles out of their way to save 20 cents on a loaf of bread. I heard of cases where sellers raised their prices by more than the amount of the tax credit before the expiration date, only to drop prices back down right after the expiration date passed. So who really benefited from the tax credit? The buyer or the seller?