Did You Know? -Programs Seem To Be Working

Real Estate Agent with Keller Williams Greater Seattle

To jump-start the real estate market, the government and other local agencies have created various new programs and guidelines to aid them in their efforts. For instance, did you know:

• The $8,000 tax credit can now be used for closing costs on FHA-insured mortgages. 

• Pending home sales, a leading indicator for the housing sector, recorded the largest monthly gain since October 2001.

• There are 13 percent fewer homes on the market than the same time last year.

It looks like some of these new programs are working and we are starting to see the results. We still have a long way to recovery, but these are just of few of the signs that we are headed in the right direction.

To find out more about what is going on in your community or what programs you can benefit from, The Egerer & Weidauer Home Team has got you covered- give us a call!

Comments (2)

Jim & Maria Hart
Brand Name Real Estate - Charleston, SC
Charleston, SC Real Estate

Hey, Nicole. I think the Government is going to amp up it's approach to the tax credit. We should start seeing commercials informing the public very soon. Thanks for sharing, Jim

Jun 15, 2009 03:35 AM
Michele Reneau
Certified Staging Professional (CSP) Elite Instructor - Summerville, SC
Realtor, GRI ~ Charleston, SC Relocation Experts Team

If these don't work, I don't know what will. There's lots of incentives out there for buyers including lots of choices, lowest prices in a long time and fantastic interest rates.  I wish I qualified for that $8000 :)

Jul 01, 2009 07:59 AM