Real Estate Market

By
Real Estate Agent with LONG and FOSTER REAL ESTATE, INC.

Some Real Estate experts experts are predicting a reduction in sales and a further down turn in home prices due to fewer buyers being able or willing to act in making a purchase.  This is somewhat being attributed to the ending of the Federal tax credit mainly for first time home buyers and but even certain qualifying existing home owners having had to be under contract by April 30, 2010.   If this holds true it may even be further impacted by these same buyers having to close by June 30, 2010 to meet the second dealine to be able to qualify for the Federal Tax credit.  Rich Salla, GRI

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