Dr Stan Humphries (Zillow Chief Economist) on ABC Nightly News

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Services for Real Estate Pros with Zillow
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Comments (2)

Richard Thomas
Fathom Realty - Dunkirk, MD

WOW. THAT'S AN EXTREMELY DEPRESSING NEWSCAST. I GUESS WE NEED TO WORK HARDER AND SMARTER TI GETS THINGS MOVING.

Aug 25, 2010 06:39 AM
Dan Rosenberger
Harvest Realty - Westfield, IN

It was two minutes of gloom and doom, and a few seconds about how with interest rates, buying now is a no-brainer.  But the news turns normal market forces into a drama.  In April the tax credits ended.  Most of those homes closed in May and June.  So home sales skyrocketed then.  Now in July with the tax credits over, sales are way down.  The sad part is that the scary way this story is presented might cause some buyers to hesitate and some sellers to take anything. Right now is indeed a buying opportunity for buyers who are willing to swim against the news media current.  And, by the way, it was just announced that Syracuse, NY is the most affordable housing market in the US.

Aug 25, 2010 07:22 AM