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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (264189)	7/26/2010 5:53:27 PM
From: The Reaper	Read Replies (2) \| Respond to of 306849

which suggests that the housing market is finally emerging from the weakness after homebuying tax incentives expired in April, analysts said." Tax incentives don't expire until Sept. 30. As long as a contract was signed before Apr. 30 it qualifies. You don't think that any of these sales being reported closed now didn't have the contracts signed until after Apr. 30? I think that the majority of the NEW home sales closing now had contracts signed to take advantage of the tax credit well before the homes were actually built. Even with that, this was the lowest June since records began for new home sales. No way this is spun as recovery. If you're investing on the basis of all is well, good luck, you're gonna need it. I just hope you've got a seat near the exit when the music stops.