The Hot Property Blog
I was recently turned on to the Hot Property Blog over at Business Week which I have enjoyed reading. It takes the general BW tone of "bland informational posts" but is a nice primer for general real estate trends. I do wish it would rely more on expertise, because rather than ask Could Home Prices See a Double-Dip? they could easily do the research and present a well-formulated opinion (consensus of people I've talked to anecdotally: yes we could see a double-dip). Also their feature on practically free houses in the US was an interesting read. They are on my regular reading list now.
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I find it interesting that home sellers are lamenting the end of the first-time home buyer tax credit and are comparing it to the end of the cash for clunkers program. They are concerned that home sales will decline as the program ends, same as it did with cars.
ReplyDeleteIs that a logical concern? I thought the discussion around cash for clunkers was that the credits pushed forward a lot of sales in addition to generating some new sales. So when the program ends, those buyers who accelerated their purchase are obviously out of the market. Whether it ends now or in 6 more months, won't the effects still be felt?
Not from Hot Property, but BW put up a nice list of important questions lingering in the real estate market
ReplyDeleteIt is the Adjustable Rate Mortgage question, towards the back of the BW list, which is what I've heard some people questioning as far as a second round of defaults. The BW downplays it a bit although it says it'll be concentrated in stats like CA... awesome
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