Existing Home Sales Fall in December

It seems the the extension of the $8,000.00 First Time Homebuyer's Credit caused December home sales to decrease at a considerable rate. There was a decrease of 16.7% from November; the largest in 40 years. This decrease hurt business for the month of December, but the extension of the credit time frame, as well as the addition of the $6,500.00 credit, will ultimately payoff in the late spring. It is a very good time to be in the market for a new home. See the link for more information: Washington Post Article