Its estimated approximately 3 million renters are now financially well-qualified to buy a median-priced home. As long as buyers do not overstretch and stay well within their budget, a sizable pent-up demand can be tapped among financially qualified potential buyers,
Its interesting that the tax credit is greatly reviving the existing home market, new-home sales may continue to struggle as home builders hold back production to drive down inventory.
With the tax credit and all these buyers it should be a great 4th and 1st 2010 quarter!
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