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Replies (4)
- Randy Mabry, "Randy Mabry"
- Contributions:190
Good post but sales have slowed down since the tax credit expired, at least in rural North carolina. Hope the increase continues.
- Collen and Ivan, "collenandivanhomes"
- Contributions:4
The goal in our market is to educate our buyers and sellers on the importance on low interest rates. The tax credit may have expired, but in the long run a low interest rate can save a buyer thousands over the term on their loan. So lets continue to do a great job and EDUCATE ! For more information on up to date interest rates visit www.bankrate.com. Any more questions ? please visit our website www.CollenandIvan.com
- Joelie Quezada, "joelieq"
- Contributions:10
IN CALIFORNIA WE STILL HAVE A STATE TAX CREDIT FOR PEOPLE WHO BUY A "NEW" NEVER LIVED IN PROPERTY...$10,000 CREDIT.
- dacolan
- Contributions:1073
I fail to see the silver lining in April's sales numbers, especially in light of the market's response to the removal of gov't sponsored, taxpayer subsidized price fixing. Mortgage purchase applications are currently at their lowest point since 1997. And that with interest rates at 4.83%.
U.S. home sales jump 7.6% in April as buyers take advantage of expiring federal tax credit
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- 0.0/5.0
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Contributions:4Sales of previously owned homes in the U.S. rose 7.6% in April over the prior month, a national group said Monday.
A federal tax credit that expired April 30 helped motivate buyers, as did cheap prices and low interest rates, the Washington-based National Assn. of Realtors said.
"The upswing in April existing-home sales was expected because of the tax credit inducement, and no doubt there will be some temporary fallback in the months immediately after it expires," said Lawrence Yun, chief economist for the Realtors group.
Homes sold at a seasonally adjusted annual rate of 5.77 million units in April from an upwardly revised 5.36 million in March, according to the Realtors group. Sales were up 22.8% from April 2009's 4.70 million-unit pace.
Regionally, sales surged 21.1% over the prior month in the Northeast, 9.9% in the Midwest and 8.6% in the South. Sales fell 6.2% in the West.
-- Alejandro Lazo
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