T-minus 14 and counting

What you do you think? Seasonal Uptick or Stimulus Success !


Did the homebuyer tax credit, (due to expire on Friday, April 30) help our market?

I recently took a look at our local market. I tracked it back 10 years. This, of course took some time and yes our local board provides all this information. BUT, the boards report is tedious and I wanted a quick birds eye view. So, here it is below is my report.

It doesn't look too bad ... the numbers are not too far off from the highs of 2004-2005.

BUT... REALLY ... I'm wondering what other professionals think? We have less than 2 weeks to find our buyers a property before this credit expires, and I'm confident it will not be extended. So . . . is the party over or was the tax credit just the appetizer.

You can see that study here or click on the image below: I'll bet this isn't too far off from your local
market if you are in the northeast.

I'll be tracking the numbers right through spring and all of summer. Time is a great clarifier. Barbara Abe
a Rainmaker AR user in Hawaii (poor Barbara) wrote last fall: "The first-time homebuyer tax credit is also helping. It is no surprise, therefore, that home sales have begun to rise nationally for 5 straight months. The increases were beyond the normal seasonal uptick in spring and summer."

Hmmmmmmmmmmmmmm . . . let's see if that carried over.

Jodi Summers a Rainmaker California feels the stinulus package is working.

What say ye all?