Sunday, June 13, 2010

Double dip’ decline seen for housing

"In the short to near term, I expect a double dip. This is the logical aftermath of the sugar shot from the Federal first time buyer tax credit. It borrowed buyers from the future, and we are now going into that future. Also we are not too far from the end of the traditional SoCal buying season. I have already seen asking prices reduced 5% or so in May from April."

at http://lansner.freedomblogging.com/2010/06/12/double-dip-decline-seen-for-housing/68513/

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