homes for sale: Durham NC-State of Real Estate Market- Year Ending 12/31/2009
- 02/24/10 06:43 AM
The Durham, NC residential real estate market showed signs of recovery in the 4th quarter of 2009 after experiencing significant declines over the past two years. Homes sales in Durham County were up 27.8% for the quarter after showing period over period declines in each quarter beginning the second half of 2007. A big reason for this surge in sales, though, was the first time homebuyer tax credit, originally scheduled to expire on November 30, 2009 but extended by Congress through April 30, 2010. Home sales in October and November were up dramatically, but sales in December, after the scheduled expiration, were … (0 comments)
homes for sale: Market Update for Research Triangle Park, NC- Year Ending 12/31/2009
- 02/24/10 05:41 AM
Home sales in the Research Triangle Park area of NC rose 19,5% in the 4th quarter, but finished the year down 14.6% when compared to 2008. Fourth quarter home sales were stimulated by the federal first time homebuyer tax credits which were set to expire at the end of November before being extended by Congress. Sales in November were up almost 70% from 2008, but December sales were actually down 7.3% when compared to 2008. Through the first three quarters of the year home sales were down 19.5%. Of the three counties comprising the Research Triangle Park area, sales in Durham … (1 comments)
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