Tomorrow is April 1st . . . . no big surprise there.  That means there are only 30 days for first-time buyers to be under contract to take advantage of the $8,000 tax credit.  Not to make things worse, the new 2.25% up front PMI on FHA mortgages takes hold on any transaction assigned a number after April 5th.

So the question I keep hearing from clients and other agents is, "Is this market going to slow down after April 30th?"  Who knows?  It might but I can't imagine anyone who is looking for a place right now will magically stop looking on May 1st if they haven't ratified a contract.

The tax credits aren't making people move to the Metro DC area, the jobs are, and that's what drives the market.  I still wish the local news stations would pick up on that.  I would LOVE for a news crew to ride along for a few days and see how tough it id to find a decent place out there and to see that as soon as a decent one comes on, it's like vultures on a dead zebra!