It's over!

The government's $8K price support for houses is over. If houses did not go under contract by today, then their buyers will not qualify for the $8K tax credit. Didn't attract a buyer before the deadline passed? It's not entirely due to the fact that you overpriced your house. Orange county hasn't had very many buyers -- why? Overpricing, I suppose. I guess it is your fault. Too bad that the price the market was willing to bear for your house just dropped $8K today.

From the Triangle MLS for March:



This is down from last year's lows which were themselves 40% off peak volume.