We’ve seen the seasonal weakness every year, with the exception of late 2009/early 2010, when the tax credit was in full swing.
Though it’s counter-intuitive, I think we’ll see housing weaken as the rest of the economy improves. The housing market is being propped up **because the economy is weak.** Once the economy strengthens, it will become more and more difficult to justify spending so much money on artificially propping up the housing market (including the govt-backed mortgage market).
Cheap houses and plentiful jobs…now THAT would make for a healthy economy! 😉
