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Loan Modification

: Mortgage Lender Implode-o-Meter

Worst June EVER for New Home Sales

By Implode-Explode Heavy Industries

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``... towards the end of the month the government announced that they would extend the tax incentive program for those that signed contracts by April 30th... Okay, so what would you expect to happen in June? Wow, that?s a tough one. How about this: housing prices won?t fall through the floor yet because of the last minute tax buyers. They?ll fall off the proverbial cliff a little more in July, and a little more in August and then a little more in September, when the tax incentive effect will be all gone. Genius, huh?''

Full post as published by Mortgage Lender Implode-o-Meter on July 27, 2010 (boomark / email).

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