Tax Credit Expired, How are things?

[George Moehlenhoff]

Asking the professionals, how has the end of the tax credit effected your investing? How are your local markets now that it has expired? All responses appreciated.

[Vikram C.]

I analyzed the data for the Phoenix metro (Maricopa county). Sales of homes between $100K and $200K have declined by about 50% in the first half of May compared to the second half of April and are at levels similar to what was seen in Dec 2009.