The latest Fed “Beige Book” report seems a bit optimistic about the post-tax credit environment for the Boston housing market:
There is no consensus among (real estate) respondents about how markets will perform after June, although some cite anecdotal evidence of continued activity after April 30 and most think that low interest rates and fairly low prices will continue to make the market attractive for prospective buyers.
But there’s difference between “attractive” and “active” markets. Other anecdotal evidence is already pointing to a sharp fall off in market activity in some places since the April 30 tax-credit signing deadline.
File under: Glass Half Empty Vs. Glass Half Full