Will The Real Estate Market Surge End In December?
Home owners in the DC area are enjoying the rise in home prices. The question of the hour is… will it end with the $8,000 tax stimulas plan on November 30th?
Will first time buyers continue to fight over homes? My assumption is that they will. There is a pent up demand in the current market and many buyer have not been able to purchase because of it. Whether they get the $8,000 credit or not, I believe they will continue purchasing.
Thus far in September, we have fewer homes on the market than the previous months, but fewer contracts. We could be in for a slower holiday season. This is expected, but I don’t foresee much of a difference. Keep watching!
