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middleman
@
2010 Apr 29, 11:32pm
It's (tax credit) going to linger on in communities with a military presence. The Government has extended it for 1 year for our men and women in uniform - with some restrictions.
I wonder how many short sales gone pending will fall through and cause an inventory bounce. Lots of potential buyers are counting on the tax credit and many will fail to close the long short sale process by June 30th. Many will back out I am sure.
HousingWatcher
@
2010 Apr 30, 2:02am
There will be no visible impact. The tax credit only had a decent sized impact int eh low end market. Anyhting above that was hardly impacted by the credit.
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I know it looks like a sidebar on an email page - should be under a .gif with of a dancing lady or some such nonsense.Â
So what happens now? Spring buying season as usual or doldrums?
personally I consider it an instant drop in home price. I put two offers out in the past two weeks and if either come back to me the original offer price is off the table. I figure it will take two months before the contacts in process close and then the sobering statistics start to emerge.
#housing