William Raveis provides a snapshot of how the real estate market fared in May vs. this time last year.
2010 has come to and end and so has a tumultuous year in real estate. The market held steady the first half of the year due to the extension of the homebuyer tax credit. A combination of extremely low interest rates and the tax extension deadline positively impacted single-family home sales and prices across the northeast. Let’s take a look at how the 4th quarter of 2010 fared, as well as what 2011 has in store for real estate.