Pending sales are up nationally as the rebound from the “end of the tax credit” has worked its way through. I listen to a podcast from NPR called Planet Money. They do a great job of making the financial news that we all keep hearing about, whether from the government, banks, or Wall Street, etc…make sense. I strongly encourage you to check it out.
But one thing they have had shows on recently is the inherent benefits and flaws from incentives. That incentives seem to be the best way to encourage behavior, but they almost always produce unexpected consequences.
You can see from the below graph the consequence of the tax credit, and you can make your own determination if it was worth the cost.
On a local note, our pending sales in Jackson County are just about where they were at this time last year.