home sales: MORE PROOF THAT HOUSING TAX RELIEF PLANS WORK - 11/10/09 02:23 AM
More support reported today for housing stimulus plans:
The median price for a single-family home was $177,900 in the third quarter, down 11.2% from last year, the National Association of Realtors said in a report this morning.
But the first-time-homebuyer tax credit helped push total state existing-home sales, including single-family homes and condos, up 11.4% to a seasonally adjusted annual rate of 5.30 million units in the third quarter from 4.76 million units in the second quarter, the NAR said.
 They are now 5.9% above the 5.01 million-unit pace in the third quarter of 2008.
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home sales: BETWEEN A ROCK AND A HARD PLACE - 09/26/09 07:11 AM
Information provided by RisMedia:
Zillow analysis of current market trends shows that, if the credit were extended, a total of 1.86 million first-time home buyers would purchase homes between Dec. 1, 2009 and Nov. 30, 2010. If all could take advantage of the full $8,000 tax credit, this could mean up to $14.86 billion in tax credits. "Although nearly two million first-time home buyers may receive the tax credit if it is extended for another year, the incremental impact of the credit is far smaller," said Zillow Chief Economist Stan Humphries. "These numbers suggest that extending the credit might bring an additional … (1 comments)

 
Gloria Laughton Allston, Realtor(NJ)/Broker(NY) (COLDWELL BANKER RESIDENTIAL BROKERAGE)

Gloria Laughton Allston

Realtor(NJ)/Broker(NY)

Princeton, NJ

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COLDWELL BANKER RESIDENTIAL BROKERAGE

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