An article in today's Inman news brings to light what I have been seeing for a while. The real estate market got a slight bounce from the homebuyer tax credit but now that the prop of the credit is gone, prices are again weakening.
Rebuilding the housing market does not depend on federal housing policies. It is all about JOBS and the overall confidence in the entire economy. People who have, and earn, more money give jobs to people who make less. Under current policies there is no incentive, and sometimes penalties, for growing your business and making more money. People who do that are demonized and yet they are the ones that hold the key to new private sector jobs.
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http://www.inman.com/news/2010/08/6/real...
Read the entire article here: Real estate market: Worse than expected? | Inman News
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