Wednesday, March 3, 2010
The housing market is flat as the 2010 home sales is likely to be equal to last years', says noted housing economist Tom Lawler. He added that the market would remain flat without the tax credits. All these times, the home buyer tax credit had supported things in a big way, Lawler said.
He thinks that housing would continue in despair if more jobs are not created. But it won't go for free fall. For acquiring a significant recovery, the interest rates should remain affordable and must limit the number of homes in foreclosures. This should be complimented with a rise in employment opportunities too, Lawler suggested.



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