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Microsm USA News
Call it a stimulus hangover.
In 2010, Lawrence’s real estate market started to show signs of life as
tax credits for first-time homebuyers — part of the federal stimulus
package — did boost sales.
But now as numbers for the first half of 2011 are released, it is clear
that Lawrence’s real estate market is no longer stimulated.
“The stimulus created an artificial boost for awhile,” said Gary Nuzum,
senior vice president of McGrew Real Estate. “We knew it would help us
last year, but we also knew it was stealing buyers from us in future
years. And it has. It is killing us right now. I never thought it would
hurt us this much but it has.” [Lawrence
Kansas]
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