About this time last year (Feb., March, April) we were approaching the expiration of the tax credit. You may see numbers in the news reports saying that real estate is down this year over this time last year. Those numbers are seriously affected by the tax credit issue!

 Comparing sales numbers this Spring to last Spring is not comparing apples-to-apples. When you *remove* the tax credit from the equation, the graph below shows the home sales trend, and it is up,up,up.

The trend in Roanoke has been on a positive move upwards over the last few months. We are firmly entrenched in a buyers market, interest rates are still low, there are many "discounted" homes still available and inventory is still high.

                                   

Walter Grewe III, Realtor, SFR, Accredited REO AgentTM

Get the best results with the least hassle when buying or selling a home.

(540) 537 9281 Long & Foster Realtors, Roanoke North Office
Visit NAR's Short Sales and Foreclosure Resource Certification

www.RoanokeRealEstateTeam.com


 

1 Comments on Dont let last year's tax credit make you think our market in Roanoke VA. is slowing.

FEB
26
2011
115,826 Points 1 Featured Post

Sales may be up up up but prices in most markets are still falling falling falling.
11:33am • #1


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Walter Grewe III, Realtor, SFR, A-REO Roanoke Homes and Real Estate (Long and Foster Realtors) Rainmaker_large

Walter Grewe III, Realtor, SFR, A-REO Roanoke Homes and Real Estate

Roanoke, VA

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Long and Foster Realtors

Address: 1638 Roanoke Rd., Daleville, VA, 24083

Office Phone: (540) 966-6234

Cell Phone: (540) 537-9281

Email Me

Getting the best results with the least hassle when buying or selling a home.
Visit NAR's Short Sales and Foreclosure Resource Certification

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