October Home Sales Increase Over 10%
Tuesday, November 24th, 2009
According to an Associate Press article, home sales rose 10.1% nationally in one month, from September of this year to October, and up nearly 36% since things hit bottom in January. The article gives the bulk of the credit for such a climb to the approaching expiration of the $8,000 tax credit offered by the federal government. Additional props are given to lower home prices and other federal programs to lower mortgage rates. During the month of October, some areas of the country reported bidding wars on properties. (more…)
Posted in Market Conditions, Selling | No Comments »