4Jul/100
The state of real estate
Not surprisingly, home sales have dropped since the government tax credit deadline passed recently. but it's been reported that this drop was much worse than expected. In May, the number of signed sales contracts (not completed sales), dropped 30% - the worst drop on record.
Now this is bad news for sellers, but if you're thinking of investing in property, now might be the time. Prices are lower on account of this drop, and you may be able to pick up a foreclosed property at a reduced rate, if the trend continues.
