"Purchase applications are now almost 40 percent below their level four weeks ago, while the refinance share, at 74 percent, is at its highest level since December,"
"....decline of 4.1 percent in purchase loan requests to the lowest level since April 1997"
I have 4 homes for sale right now, and have experienced this dramatic slowdown in interest. Fortunately, I was able to get a couple under contract in April, but am wondering what to do with the 4. I really want to sell one as it doesn't fit my rental criteria. from a location and type of home standpoint. Another one has a fresh, nice rehab that begs retailing. I also just sold one on that street for asking (before 4/30), so I'm holding out. The other 2 I would accept renting, which I'll probably do. These are all under $80K.
What are you seeing in home sales post April 30? Any creative ideas in swimming against this tide? When will we get past the tax credit disruption?