Wednesday, May 5, 2010

Real Estate Bubbles- American Style

Thank you, Uncle Sam (a.k.a. President Obama) for giving an incentive to millions of home buyers to purchase homes and receive government tax credits to do so. The response has been incredible. Sales of homes are up 10%, 20%, or even 22% over last year.

Can we look forward to a decline in volume this month? What about pricing- up or down?

Thanks Uncle Sam for the exciting real estate roller coaster ride!

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