Today’s DailyHerald.com has an interview with Dave Liniger, co-founder and chairman of the board of Re/Max International Inc. Mr. Liniger is predicting a drop in the housing market, if the first-time homebuyer credit isn’t extended beyond this year.
I made a similar prediction in my “Maximizing Equity” real estate newsletter back in June when I wrote, “There will probably be a drop-off in sales starting in December and continuing for a few months since so many first time home buyers who might have bought during the coming winter will buy sooner to qualify for the tax credit.”
Mr. Linger also thinks that future buyers will be drawn to “downtown-type environments”. Thus, areas with entertainment and shopping areas will fare better.
For more in-depth Chicago Metro Area housing market analysis, sign-up for my monthly email update, “Maximizing Equity”.
ABOUT THE AUTHOR
Fran Bailey shows, previews and tracks downtown Chicago homes for sale giving her the insights needed to help her clients negotiate the best price and terms. Fran has been quoted in numerous Chicago and national publications. To schedule showings of listings regardless of broker or to contact Fran email her at fran.bailey@bairdwarner.com or call 773.793.4516. Learn More
Fran Bailey, Realtor
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Dave always has good insight into the future market. Maybe we should snap up some of those places downtown!