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tax credit: Housing Recovery? Not in this area. - 03/03/10 08:42 AM
Lately, I've been running a series on real estate market trends for 10 zip codes in the MD Suburbs that I service on a pretty regular basis.  So far I've run the charts for:
Bowie, MD 20720 Bowie, MD 20715 Greenbelt, MD 20770 What I've seen so far is not encouraging.  Prices are still continuing to decline and Day on Market are continuing to increase.  All this tells me is that the foreclosure and short sale market is continuing to be a drag regardless of Government home buyer tax credits.
That being said, so far I've only written the blog posts … (6 comments)

tax credit: Is the New and Improved Home Buyer Tax Credit a Good Thing? - 11/06/09 07:18 AM
I guess with all the "Calls to Action" initiated by the National Association of Realtors, National Association of Home Builders and everyone else interested in selling real estate and all the peripheral products and service really worked.  Today, President Obama is expected to sign the extension and expansion of the tax credit into law.
Is this a good thing?
Maybe.
My take on this is that humans work toward a deadline.  It's in their nature.  That's why we've seen the uptick in pending home sales and existing homes sales (as opposed to new home sales) in recent months.  First time home … (6 comments)