That’s what I’ve been trying to figure out for the last couple of years. My guess is that the tax credit drew out investors and those who sold at the top of the market and wanted to buy again and score a “deal” after the dip in prices. I can’t think of any other reason since the median house price and median income just don’t match up. Any other ideas out there? They aren’t just handing out loans to anyone like they were a few years ago, are they?
