Was the Spring Market fueled by the Tax Credit or Low interest rates

June 7, 2010

http://washington.bizjournals.com/washington/stories/2010/06/07/focus1.html?b=1275883200^3442711&ana=e_vert Click on this link to read the perspective of one Realtor in DC as reported by the Washington Business Journal http://washington.bizjournals.com/washington/ Personally, we feel the jury is still out on this assesment.  Let's take another look after June.  the market has not been as active since April 30th despite the interest rates remaining low so that gives credence that the tax credit deadline did create the sense of urgency the housing market needed.  These next 3 weeks are going to be pretty crazy as purchasers struggle to make sure the homes they bought settle prior to the June 30th deadline.  If you are settling on a home this month, you may very well want to settle early if at all possible as the attorneys and closing companies are going to be slammed in that last week of June.