What will happen when the 8k tax credit expires
on March 25th, 2010
Well I can’t speak for the other parts of the country but here in DFW I think the 150k and under market is going to tank. Maybe not in regards to prices but certainly in regards to volume. Basically anyone interested in a house in that price range is buying now. The buyers pool is going to completely DRY UP for I am guessing about 6 months or maybe even for an entire year. 6 months from now puts us nearing the end of the year and lets face it that time and the early parts of the year usually are not amazing buying times.
Going forward I am going to do one of two things. Either travel the world for a few months to let the market become a true market again(I hate the 8k). Or I am going to concentrate on higher end homes. In the DFW area that is pretty much anything over 200k. At these prices you are not attracting first time home buyers. Therefore the market will go along trucking identically to what it always is. The 8k has not affected that market in any manner.
