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Tax Credit Expired, How are things? 
13 posts by 13 users
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Asking the professionals, how has the end of the tax credit effected your investing? How are your local markets now that it has expired? All responses appreciated. |
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Edited: 06/26/2010 at 08:02PM |
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I analyzed the data for the Phoenix metro (Maricopa county). Sales of homes between $100K and $200K have declined by about 50% in the first half of May compared to the second half of April and are at levels similar to what was seen in Dec 2009. |
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Edited: 06/26/2010 at 08:02PM by Vikram C. |
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I know showings based upon recorded RMLS lock box activity in Portland, OR for the first half of May was way down compared to April .... |
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Edited: 06/26/2010 at 08:02PM |
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Hasn’t effected me much, but I sell to mostly investors. I'm sure it's affected those that sell to retail buyers because there just isn't to many people looking now. Brian Haskins |
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Edited: 06/26/2010 at 08:03PM |
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How has business been going since the tax credit? Has anyone noticed a slowdown or has it been business as usual? In Austin, we're still finding properties and selling them. My title agent told me she was swamped but it was due to contracts in April. |
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Edited: 06/26/2010 at 08:04PM |
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I'm in Mobile, AL
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Edited: 06/26/2010 at 08:10PM by Brooks C. |
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[URL]http://www.boston.com/news/nation/washington/articles/2010/06/30/house_votes_to_extend_tax_credit_on_new_home_purchases_3_months/[/URL] Did the time to close get extended? I would appreciate any update. |
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The housing market is flooding here in Houston, TX and prices are dropping. Last report I saw said prices dropped $3k - $5k last month alone. |
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Things seem fine here in Pgh. We have a lot of interest in our flips. Also, our RE agent said she is still closing lots of deals and getting lots of interest on properties, appraisers have been too busy to turn around appraisals, the title company we use said they are swamped.... Things are pretty positive but then again Pittsburgh never had a huge run up or drop off. |
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Here on the retail (consumer) side, things are DOWN. WAY DOWN. I had three sales in three days in April. Nothing at all for May and June, and I'm working harder than before. May have one coming up in July, hopefully another one or two in August. Mike |
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Yep. From my mortgage guy, we've got another 60 days to close. |
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Investors on my list are cash buyers so it has not affected my side of things. |
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Things are definetly a bit slower out there now. April was crazy busy, May slowed way down, but Junes been a little better. There are still buyers out. We put a house on the market two weeks ago and got an accepted offer the first day. We put another one of our finished rehabs under agreement last week. |
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Posted: 06/01/2010 at 01:10AM
