A year ago we were recovering from the expiration of the homebuyer tax credits. Few “experts” predicted the credit would induce people who were thinking of buying a home to move forward their purchase to qualify for the credit, leaving a vacuum in demand after the credit expired at the end of April. The vacuum caused a slide in values that lasted into the first quarter of 2011 and contributed to a “double dip” in home values, which reached levels even lower than the initial plunge in 2007 and 2008. Click the link
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