Monday, May 24, 2010

Make Note of houseing data.

http://www.msnbc.msn.com/id/37303800/ns/business-real_estate/

While the numbers looked good last month, it's clear that I'm not the only one that believes the market will fall again before truly improving. Last months numbers only showed what I explained earlier, which is: People who were going to buy in the next 12-18 months already purchased their homes so that they could take advantage of the tax credit. But now that those people are no longer in the market, house prices will fall again for a lack of buyers.

And when it does - we'll buy, new tax credit or not.

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