Among industry professionals, there is much debate as to what will happen in the marketplace now that the tax incentives for first time homebuyers and others to buy have now gone away. Will the sales continue? At what pace? Will there be other incentives? Where will the buyers come from?
So many REALTORS are asking themselves these questions, but the REAL question is this: Now that these incentives have sunsetted…what are YOU experiencing out there in the marketplace?
For RealEstateIndustryWatch to get a handle on that, we are conducting a poll. (Look on the right hand side of this page and you will see it.)
Do you have an opinion and want to write about it? We are happy to hear from you. Simply comment on this post with your prognostication.
This has been a question I have been asking myself for the past 4 months. We have been riding this roller coaster of low home values, all-time low interest rates and federal incentives…so what happen’s now? Well fortunately interest rates are staying low and houses are staying very affordable. In Phoenix we are continuing to see first time home buyers and investors enter the market. Cities like Tempe, Scottsdale, Awhatukee, and Chandler have held their value extremely well compared to the rest of the Valley and the desirability of these areas has brought in new residents from all over the country. I think the market, especially in Phoenix, will stay in a small growth for the next couple of years.
Yes, we are also wondering that, however we are positively expecting the market to start going good. The economy is not at its best but again, everyone has positive hopes on this. What are the statistics of home sales since the tax credit? Up or down? That should give all of us a hint of whats going on..