market trends: February 2011 Market Update
- 02/17/11 04:26 AM
February 2011 Market Update Gradual improvement in the housing market continues at a steady pace without government support. Six months after two consecutive years of tax incentives for buyers; starting in July 2008 with a $7,500 repayable first-time buyer tax credit, extending to a $8,000 nonrepayable first-time buyer tax credit in January 2009, and ending in June 2010 with the expanded credit to repeat buyers; the market has shown remarkable improvement from the initial drop this past July. With mortgage rates remaining near historic lows and home prices having generally stabilized, economists are expecting further strength in 2011. Consumers are … (0 comments)
February 2011 Market Update Gradual improvement in the housing market continues at a steady pace without government support. 
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