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:
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• The $8,000 tax credit can now be used for closing costs on FHA-insured mortgages. |
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• Pending home sales, a leading indicator for the housing sector, recorded the largest monthly gain since October 2001. |
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• 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!
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