Check out this great article from Realtor.org which states that Existing-home sales rose again in November as first-time buyers rushed to close sales before the original November 30 deadline for the recently extended and expanded tax credit, according to the National Association of Realtors®. If you ask me this is great news!
This article also states that Existing home sales- including single-family, townhomes, condominiums and co-ops - rose 7.4 percent to a seasonally adjusted annual rate1 of 6.54 million units in November from 6.09 million in October, and are 44.1 percent higher than the 4.54 million-unit pace in November 2008. Current sales remain at the highest level since February 2007 when they hit 6.55 million. Awesome News and now is definitely the time to buy!!
To read this full article and read all about the increase in home sales for last year you can visit the link below
The Rivers Team