Analysis of Inventory vs. Price in Existing Home Sales Before and After Tax Credit Changes
This report examines the impact of the Homebuyers’ Tax Credit, initially set to expire on November 30th, on existing home sales. It highlights the trends in home inventory and pricing before and after the introduction of the tax credit in February. Key data points include the rate of loans not in foreclosure with associated late payments, residential vacancies, and price appreciation over five-year increments. Sources include KCM and the LPS Mortgage Monitor, providing a detailed overview of the current housing market.
Analysis of Inventory vs. Price in Existing Home Sales Before and After Tax Credit Changes
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Presentation Transcript
Existing Home Sales before and after Tax Credit Homebuyers’ Tax Credit initially set to expire November 30th Homebuyers’ Tax Credit passed in February
% of loans not in foreclosure with associated late payments Keeping Current Matters Source: KCM Source: LPS Mortgage Monitor 2/10
% Appreciation in 5 Year Increments Source: Brookings Papers and Case Shiller
2007 2008 2009 2010
% of Residential Vacancies Keeping Current Matters Source: KCM Source: Census Bureau
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Quick Report KCM Blog Crew Page KCM complete Speaking
Quick Report KCM Blog Crew Page KCM complete Speaking