Phoebe is also wondering, where are all the showings?

Here we are in June a little over a month since the tax credit has expired and many of you are asking what has happened to the real estate market?  First the tax credit did increase sales at record numbers, with many homes going in multiple offers.  Then May 1st came around and bam the market stopped and throughout May pending sales took a nose dive.  It is now the May tax credit hangover, but just like a greasy burger, orange juice and time work for a human hangover the same holds true for the market.  Time will work it’s magic and we will get back to some normalcy in the market place. Yes showings were down in May, but come June 1st they started to rise again.  To see all the statistics for May check out the monthly report from MAAR.  

Also check out the monthly skinny report for June and the weekly market report.

Barbara Corcoron the matriarch of real estate has spoken the truth again!  I like her style, direct and to the point.  This woman knows what she is talking about, she sold her real estate business in 2001 for 70 million dollars, you go girl!!!

Click here to see video from the Today Show.

Here is a recap of the "Sins"-

1.  being "insulted" by a low offer

2.  waiting for a better offer

3.  hanging around during an open house/showing

4.  leaving the closets a mess (this is in the top three for sins)

5.  not making needed repairs

6.  not getting rid of stuff

7.  haggling over the price of extra items