What do we expect now that the federal tax credit is over? CNN.com had a great article explaining why we’re not really sure. There are many things that contribute to the economy and since we’ve never been in this type of economy before it’s really hard to say. I agree we will bounce around the bottom of the market for a while so any purchase you make today you should plan on keeping the property for at least 5 years.
With that in mind, RooPho Realty really watches not just the market but also many of communities. While the market recovers you’ll still see some communities recover better than others.