photo credit: AnEyeForTexas (living in the desert now)

Because of the Federal Tax Credit and the rush to buy homes, forecasters knew May would be a slow month for real estate. There was an expiation that if you get in by May 1st you would be okay, but if you didnt you were out of luck. You have to wait for a couple of months for the disappointment to ware off. After April everyone stopped buying homes, and they will for at least a couple of months. January, February, March and April there was a rush for homes, so of course May would be slow.

Junes numbers were not expected to be all that wonderful either. The expectation is that you have to wait a bit to let the buying stabilize. The numbers are expected to return back to normal late summer early spring. Of course, jobs and the job market will play a role in the housing market bouncing back. Even with the low mortgage rates and low home prices the housing market will still need some time to stabilize itself.

Watch the full video form Fox News

Posted in Press Room, Industry Leadership, Giving Back, Online Education

Comment on this article

Name

Email
Your email address will not be displayed.

Site/Url
Your URL will be displayed.

Your vote

Poor Excellent

Comment text

Options

  Line breaks become <br />

  Remember me

  Allow users to contact you through a message form.

Captcha

Please enter the characters from the image above. (case insensitive)

Captcha code