We’re following up from our post on March 11, where we said the time leading up to April 30th would be very telling. But it’s only telling to a point. The big question is: what happens next?
The hope was there would be a surge, and there was. Home sales were up 6.8%, thanks to the looming tax credit expiration. It didn’t hurt that we also had unseasonably warm weather and slumping home prices.
Bottom line: people are buying homes. That’s a good thing – the housing market is finally stabilizing! Or is it?
The real test will be what happens later this year, when the closings associated with the tax credit start to wane. (People who have written agreements by April 30 can still close as late as June 30.)
Time to take off the training wheels and see how our post-apocalyptic real estate industry can ride on its own.
Will it be wobbly? Yes. Will it be interesting? You bet. We’ll be keeping you posted, right here. And if you need a real estate consultant or marketer during these interesting times, you know where to find us.
We’re free to listen and bounce ideas around any time. Tell us your story. You’re not alone. We can help. This year, the spoils go to the victor. We want that victor to be YOU.
Garrison Insider
Posted by Garrison