More Stubborn Facts

Here are the results of last year's Cash for Clunkers program. I haven't watched it closely but it seems that the federal tax credits for a home purchase expired at the end of May. I know there was a flurry of buying

as that credit expired. Then I read an article that home sales will plummet. I suspect the federal tax credit did the same thing in the housing market as it did in the used car market, just pulled sales from the future.


I suspect the housing market will recover to normal levels soon.