The the extended tax credit for first time home buyers, November saw a increase in home sales which were the best in nearly three years.
As we end 2009 and look forward to 2010, if the economy continues to recover we should continue to see an increase in new home sales.
This is a positive sign for the real estate market and real estate agents across America.
{ 3 comments }
The jump in sales was because of the stimulation of the a tax credit. Hopefully, when the tax credit is removed, people continue to buy.
Much of the demand for homes is being propped up by government intervention and loose monetary policy. I hope that true organic growth can take root fairly soon.
I hope this trend continues.