Wednesday, August 11, 2010
2nd Half of 2010
Without a doubt, the market for entry level homes has stalled. Perhaps from moving buyers forward in their decisions due to the tax credit opportunity. Or perhaps there isn't a compelling factor for them to buy. If interest rates started to trend-up, this would energize the market. At the moment, the old idea that families wanted to be in their new home before school starts may not be a factor any longer. All new norms!
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