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I'll bet the May house sale market will look like this too

June 02, 2010

A picture (by Coyote Blog, via Hit and Run) of the effect of Cash for Clunkers:

A temporary surge, followed by a fall-off, and then a reversion to trend (as indicated by the dotted line). It's obvious that Cash for Clunkers clunked, merely borrowing sales from the period following the program.

Expect the same pattern for houses in May now that the First-time homebuyer credit is over.

Tags: cash for clunkers.Coyote Blog.homebuyer credit.Reason.com.RS McCain.

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