In the last few months we've seen a flurry of sales as first time buyers are trying to close on a home purchase before the $8000 tax credit expires on November 30th (maybe). This has largely lead to the precipitous decline of available inventory on the under $190k and brought Months supply of homes in the 1st time buyer category down as much as 60%! This has been seen expecially strong in the Lender Mediated category, and particularly in the Bank Owned segment: � While it is quite possible that the tax … [Read more...]
