JULY 28 , 2010
Whose market is it, anyway?
It’s no secret that the housing market has been volatile in recent years, making for a straight-up buyer’s market. Once the bail-out money for banks to loosen restrictions on loans and mortgages was coupled with the now expired federal tax credits for buyers — not to mention all-time low interest rates and a huge housing stock at rock-bottom prices — the housing market’s become a whole new game, with more players: Traditional buyers now face stiff competition from both each other and investors, while traditional sellers now must compete with both short sales and foreclosures.