Housing Market to Shed $1.7 Trillion in 2010
The significance of this decline is not lost on critics of the homebuyer tax credits, which expired June 30 of 2010. While the tax credits helped increase sales temporarily, the downturn resumed shortly after they expired. Of the 129 markets tracked by the study, fewer than 25 percent recorded gains in value for the year. Boston and San Diego were among the few markets in positive territory.
These AOL Real Estateguides can help, no matter whether you choose to buy or sell:
- First-Time Homebuyer's Guide
- How to Shop for Your First Home
- How to Price a Home to Sell Fast
- How to Get a Low Mortgage Rate