Statistics released on Friday show the highest number of real estate sales in two years. As expected, recent reports show the combination of low interest rates, dropping home values and the First Time Home Buyer Tax Credit are all seen as the biggest boosts toward the Scottsdale AZ real estate sales increase and nationwide.
The National Association of Realtors (NAR) released data that displayed a 9.4% increase in home sales for September 2009 which were the best statistics since July of 2007.
The positive signs in Scottsdale AZ real estate and nationwide is the increasing economy faith, as this seems to be another sign to many that we are slowly climbing our way out of the recession. The hope is that the First Time Home Buyer Tax Credit will be extended and possibly even expanded.
Overall, 31% of homes sold in September were first time home buyers, and 29% of the sales were distressed properties across the country. While Scottsdale AZ homes for sale and real estate across the nation remain at their most affordable values in recent years the hope is that the upward, positive trend will continue.
Gina McKinley is a Scottsdale AZ real estate agent that can help you take advantage of the First Time Home Buyer Tax Credit before it expires in November. Call Gina McKinley at 480-355-8645 or visit her website today to learn more about how she can show you the best Scottsdale AZ properties.
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