Lake Tahoe RSS Feed

Is the Housing Meltdown Ending (in South Lake Tahoe too)?

May 4th, 2009 categories: For Buyers, For Sellers, National real estate news

Pending home sales jump 3.2% in March nationwide.

Pending home sales rose in March for the second consecutive month and are up year over year. So says an article at CNNMoney.com by Les Christie.

What’s interesting is that a consensus of real estate industry experts recently forecast that there would be no such increase at all.

The article very much proposes the question if the national housing downturn is ending.  Lawrence Yun, chief economist of The National Association of REALTORS™ responds “it may still take a while before the market gains enough momentum to firmly state that the downturn has been reversed.”

Yun further speculates that the current upturn may be influenced by the first-time homebuyers tax credit (coming from the O’Bama administration), which is a temporary measure that will lapse in December.

The article in its entirety here.

Tags: , , , , , ,

This entry was posted on Monday, May 4th, 2009 at 4:11 pm and is filed under For Buyers, For Sellers, National real estate news. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply

You must be logged in to post a comment.

Real Esate Tomato Chiclet