With April 30 coming up (last day for Tax Credit qualified contracts to be signed), do you wonder what the impact will be on home sales once this program expires? I for one am concerned that unless we start seeing more JOBS and increased consumer confidence, we will face the DOG DAYS OF SUMMER. Just as sales drop once rebates are pulled, you can bet that housing will drop as well.
This probably limits the buyer pool to buyers that finally sold their existing homes after April 30, or those first time buyers that are now more confident about their employment.
Hope I am wrong - Have a great day!
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