Thursday, August 26th, 2010 at 6:40pm.49 Views, 0 Comments.
When it comes to real estate there is good news with the bad news. Reports came out this week that showed a significant drop in real estate sales volume. The increase in sales volume due to home buyer tax credits was bound to be followed by a drop, as most surges are. The tax credit was in full swing during the summer of 2009 and packed a bigger punch when it was extended and expanded to include existing home owners along with new home buyers.
The last extension of the home buyer tax credit expired at the end of June, with some leeway for those who were already under contract but unable to close yet. There is no more tax credit revving up real estate sales, therefore it can be no huge surprise that the month following its expiration took a…
