WaPo’s real estate blog ran a poll over the weekend asking readers to predict what will happen to the housing market and housing prices after the housing tax credits expire.
The poll is far from scientific, but it’s definitely revealing of consumer sentiment. Here’s what the survey says as of 5:20 p.m. on Monday, March 1:
What will happen to the housing market when the home buyer tax credits expire?
- 42%: The housing recession begins its double dip
- 26%: Home values will fall by about $8500
- 15%: Not much. It’s the higher-priced market that needs stimulus anyway.
- 15%: Nada. It’s not enough to really influence such a big purchase.
Figures may not add up to 100% due to rounding.