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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: tejek who wrote (264129)7/26/2010 4:49:04 PM
From: The ReaperRead Replies (1) of 306849
 
The tax credit was extended for houses that already had contracts written but had not closed so you are still seeing the effects of the tax credit. The last two months sales were less than expected, bottom line. If the tax credit had not been extended you probably would have seen some contracts cancelled and the numbers would have been even worse. I would rather be negative and be wrong in this market. I don't lose any money. If you are positive in this market and you're wrong, well....... The vast preponderance of data is showing that the economy has rolled over again. Company earnings are not an indicator of economic health especially bank earnings. This administration is dreaming if they think that the economy is recovering and the more they bleat about it the more stupid they look.
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