Crying Wolf About April 30? Sales of existing homes in December fell 16.7 percent from November to a seasonally adjusted annual rate of 5.45 million units, the National Association of Realtors said Monday. –“Existing Home Sales Drop More Than Forecast“; The New York Times (1/25/2010) My take is that a big chunk of the drop...Read More
$6,500 Tax Credit Move-Up Market Entry-Level Market Helping the Move-up Market The $8,000 tax credit for first-time home Buyers worked so well that the government has extended it to move-up Buyers, too (albeit in slightly less generous form). Beginning Dec. 1, eligible Buyers who’ve occupied their existing home for 5 out of the last 8...Read More
