Housing Is Better Than The Numbers

The article below makes some good points about how sales growth won’t pick up until February and March and that the good news is home price declines have slowed. 

A lot of this may have to do with the tax credit and the argument is that the tax credit takes away from future demand.  They may have some truth to it but there are also people who would not have bought had it not been for the credit or they bought years earlier because of it.  If that is the case they may end up selling and buying in a few years when originally that is when they bought their first home.  Only time will tell.