Also keep in mind the CA $10,000 is kicking in just now.
My coworker, a supervisor, just put in a bid on a place yesterday, hoping to make it under the wire today for the federal $8K, but if he doesn’t, the state will still throw some sugar on his deal.
At these prices I didn’t think $8K or $10K would matter that much to people, but I guess it does. Closing costs, I suppose.
To go on from what DWCAP says above, the true indicator will be how strong the summer sales are this year. If they are somewhat anemic, it will mean that all the buyers were already drawn out (pulled forward) by the previous shenanigans and look for sales to drop like a rock in the fall. If summer sales are still strong, then I guess there is an infinite supply of rich people/funny-Fannie loans/etc.
