Housing Market Takes Another Step Backwards

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Great post and thank you for these great tips.
Anyway, I’m not sure if you know but there’s a company out of Fresno that offers elegant move in ready homes. Check out their website http://www.gvhomes.com

Melvin of CA 8:04PM August 13, 2010

No surprise here either! May & June pendings translate to July closings, and here in central NH, closed sales for July fell off by 45.5% compared to last year (previousyl the 12 yr. low). That is the largest single-year percentage drop I've seen in 13 years as a Realtor® in this marketplace. A sustainable housing market recovery is going to require stable employment (unemployment rates at 5.5-6% would help), prices in which folks earning a median income can afford a median priced home, and stable market conditions where supply and demand are brought back towards equalibrium. It took a while to dig this hole - we won't fill it in overnight.

Greg McLeod of NH 9:13AM August 07, 2010

This really is not a surprise to me. I'm a Realtor and I could see this coming from a mile away. We had a foreshadow of this when the first round of homebuyer tax credits almost expired last year. This year, however, they did not continue the stimulus and now we are seeing the results. I am not in favor of any more credits because it will continue to give a false sense of stability.

AaronZapata.com of CA 1:22AM August 04, 2010