REAL Trends Housing Report - April 2011

The "REAL Treands Housing Market Report - April 2011" has just been released.  While the report shows a continued decline in both housing value and closed transactions, one must remember that in April 2010 buyers were rushing to record sales prior to the expiration of the housing tax credit program.  Sales in Q1, 2010 were borrowed from the following quarters.  It will be interesting to watch the closed sales and price reports for Q2, 2011 as there are no incentives this year to potentially skew the data.