J.D. Power Study Confirms, It's Still a Buyers' Market
By Carrie Bay | 07/28/2010
The real estate downturn has sent home prices tumbling, inflated housing inventories, and prompted stimulus programs that have pushed mortgage rates to record lows and given homebuyers tax breaks and cash incentives.
Undoubtedly, it's a buyers' market. A new study released by J.D. Power and Associates Wednesday confirms that with today's bargain-basement market conditions, homebuyers are giving their real estate experiences a thumbs-up. Sellers, on the other hand, aren't nearly as pleased once the deal is done.
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