Here are a few relevant news stories that have popped into my inbox in the last few days:
- Money Magazine: When it makes sense to rent (Seattle is #1—woo!)
- Seattle P-I: Tax credit down-payment plan waiting for IRS
- Seattle P-I: Dueling indexes: How much are Seattle-area house values down?
- USA Today: Condo market fights to recover as prices remain down
The plan referred to in the second story above would be the irresponsible, counter-productive one we discussed here last month. Frankly, I hope the IRS figures out a way to prevent people from pre-acquiring the tax credit, but realistically I suspect the plan will move forward.
Nobody can accuse real estate professionals (or, more accurately, their lobbying groups) of letting the bubble deflate without a fight, I suppose.