Many in the real estate profession predicted that the door of opportunity for home buyers would be slammed shut after the federal tax credits expired.
And while a single weekend's worth of data may only be considered as anecdotal, the first indications are that buyers recognize that a deal is a deal, and it doesn't need additional incentives to support the decision making process.
I showed a lot of HUD homes on Saturday and Sunday, and most had other buyers there when we arrived and more showing up as we left the property.
Pergaps it is a carryover of the buyer frenzy from last week, but more than likely, it's just as simple as people needing a home and wanting to get it at a decent price.
What a novel idea!
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