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Reports and headlines say home sales increased 10.1 percent in October, up 23.5 percent from a year ago; I say up 6.6 percent for the month and almost even with last year

By Dennis Norman, on November 23rd, 2009

Dennis Norman

National Association of REALTORS Report:

According to the latest report released today from the National Association of REALTORS(R), existing home sales in October jumped 10.1 percent to a seasonally adjusted-annual rate of 6.10 million units in October from a revised level of 5.54 million in September, and are 23.5 percent higher than [...]

November 23rd, 2009 | Tags: , , | Category: Real Estate Market | One comment - (Comments are closed)

Homebuyer tax credit has been primary cause of recent return of buyers to market according to study

By Dennis Norman, on October 5th, 2009

Dennis Norman

Results have just been released of a study conducted by Rosen Consulting Group as to the effectiveness of the 2009 first-time-homebuyer tax credit and the potential need for an extension of the credits. 

 The Rosen Consulting Group was retained by Fix Housing First, a coalition that was originally working to convince Congress for [...]

October 5th, 2009 | Tags: , | Category: Home Buyers, Home Sellers, Real Estate Market, Special Posts | 2 comments - (Comments are closed)

First-Time Home Buyers Tax Credit

By Dennis Norman, on April 7th, 2009

Dennis Norman

By: Dennis Norman

Earlier this year Congress passed The American Recovery and Reinvestment Act of 2009.  One of the items contained within the 407 page Act that has been getting a lot of attention is an $8,000 tax credit for first-time home buyers.

 

For buyers that qualify I think this, coupled with housing affordability, [...]

April 7th, 2009 | Tags: , , | Category: Home Buyers, Real Estate Market, Special Posts | 2 comments - (Comments are closed)