Realtors, What do you think will happen to the housing market, locallly, after the tax credit perks expire?

Asked by Becky Alumbaugh, Overland Park, KS Thu Jan 7, 2010

I am referring to the 2nd-4th quarters of 2010.

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Dan Chase, Home Buyer, Texas City, TX
Thu Jan 7, 2010
Some selected markets will improve a bit. Most markets will go down. The increase in prices seems to just about reflect the same $8k people got free. What a coincidence.

A lot of people will either 1 stop looking or 2 not be able to get a down payment once the $8k goes away.

The option arms will be causing a lot more foreclosures over the next few years, starting right about now.
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Stacey Johns…, , Kansas City, MO
Thu Jan 7, 2010
Hi Becky, I was wondering the same thing! We'd better find a way to make it attractive for buyers to purchase. What can compare to losing an $8,000 or $6,500 incentive??? Lower home prices? Really great, low interest rates?
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