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.
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Dave always has good insight into the future market. Maybe we should snap up some of those places downtown!