Day

June 23, 2010

The Plight of the "Move-down Buyer"

Stuck in Place A healthy housing market functions like a gigantic escalator. The bottom rungs are occupied by first-time Buyers. As they purchase entry-level homes, the Sellers of those homes (“Move-up Buyers”) typically buy larger homes, enabling Sellers of those homes to buy even bigger homes. And so on, and so on. One of the...
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Mid-Month Closing Logjam

Great(?) Minds Think Alike Realtors know that the end of the month is usually the busiest time for real estate closings. That’s especially true in Spring, and even truer this year because June 30 is the deadline for closing deals struck by April 30 to take advantage of the Buyer tax credits. So, to avoid...
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