Wow... May and June sure were slow months for new sales! Of course it was to be expected after the rush of March and April with buyers wanting to qualify for the $8,000 tax credit. Did it really get 'new' buyers into the market? I think we just borrowed buyers from June, July, August...and perhaps a few from the Fall. If you were planning to buy and qualified, why not make the 8K grab?
Where is the opportunity now?
With fewer buyers in the market right now, the Sellers who were not successful during the tax rush may be more negotiable this Summer. A well-qualified, saavy buyer (with a great buyer's agent!) can find fantastic buys and may even end up with a bigger gain, saving more than the $8,000 off the price you pay on your new home.
And you won't have to pay it back to Uncle Sam if you decide to sell before 2013.