July Housing Sales Take Nose Dive
August 10th, 2010 by the writerJuly housing sales are taking a nose dive, according to newly released figures. Some experts now blame the bad real estate market’s behavior on the lapse of the Obama first time tax credits. That is because first time buyers rushed in and bought new houses during the first half of 2010. Sales will not be spread out over the remaining months. In other words, we can look forward to a flat market.
Real estate investors with cash can use these circumstances to their advantages. There are a lot of homesellers who want to sell. There will be fewer buyers. Deals can be made.
What’s next? No one can tell at this point, but many are speculating. Real estate will make a comeback. It always has. The main question is how long can you hang on before it turns around?
