Homes worth more than $400,000 are not moving in Portland, in fact, 87% of homes sold in November in Portland were for less than $400,000. And even more evidence that the first time home buyers tax credit worked miracles for the market: 44% of home sales were for homes between $150,000 and $250,000. I expect these percentages to only increase over the next few months, especially with the tax credit expiring at the end of April. There will be a huge fall in all sales from April through July, which will majorly suck for the market, and the economy in general.
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