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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Les H who wrote (268349)8/11/2010 5:34:41 PM
From: tejekRead Replies (1) of 306849
 
The tax credit supports higher prices, not lower prices, because of the leverage.
There was a second tax credit this year that applied to all homebuyers.
There are still some states providing larger tax credits as high as $15,000.
There was also a national foreclosure moratorium for almost a year that kept inventory off the market.
There are still some foreclosure moratoriums in effect.

Okay. Lets watch what happens in the 3rd quarter. Prices will drop.........how steeply will depend on some of the factors you cite.
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