Quote:
Originally Posted by elflord1973
They will help potential sellers. They will also help you as a home owner, because they will push prices upward, which will help keep you above water. They won't help buyers much though.
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I agree totally. What happens when the $8000 credit goes away? And as for the lower interest rates, again what do you think will happen to the price of a home if interest rates go up? And if homes are still dropping in value while interest rates go up.... yikes..... I will keep watching and not buy until I see some signs of stabilization in the market.
As for data that the Philly market is still dropping, here is a site I watch:
Prudential Fox & Roach - HomExpert Market Report
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