Regarding negative press. Did the positive press drive the real estate market in Connecticut (in a lot of places) up over 100% in 6 years? Negative press isn't driving the market down, fundamentals are. By that I mean employment and income versus RE prices versus rents.
Technically, it is a buyer's market. We have a high inventory, prices have dropped, and interest rates are low. Combine that with the $8,000 tax credit and it's similar to shopping the day after Thanksgiving with coupons! However, I am noticing a slight change. The houses that are priced well and are in move-in condition are not staying on the market long. In fact, many of them are receiving multiple offers.
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