PMI, a federal gov’t agency that tracks real estate markets, has published the quarterly risk ratings of U.S. cities. Boulder is cited as having a low risk of declining prices. On the other end of the spectrum are such markets such as cities in Florida and Nevada and California, showing More...
Why the pending sales drop in November 2009?
Posted On January 13th, 2010 by Grace | Comments ClosedA lot was made out of the 16 percent dip in pending home sales from October 2009 to November 2009, which is usually considered a large decline. Though when looking further into it, it’s not necessarily a reflection on the housing market. Experts are saying it was due almost entirely to buyers’ trying to get closed before the expiring $8,000 first time home buyers tax credit. Proof of that comes from the October pending sales index which went off the charts. It only made sense that after Congress extended the credit through April 30, 2010, buyers didn’t feel the pressure to rush and sign contracts.
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