MORE PROOF THAT HOUSING TAX RELIEF PLANS WORK

By
Real Estate Agent with COLDWELL BANKER RESIDENTIAL BROKERAGE

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.

Comments (1)

Ted Tyndall
Davidson Realty Inc. - Saint Augustine, FL
I will help You find the Home YOU want to Buy

The average price of homes sold by our company has increased for two quarters in a row.

Nov 10, 2009 02:25 AM