My Real Estate Blog

April 23rd, 2009 6:46 AM
Home sales are on the rise, and with new buyers streaming in daily, it will be a good year for real estate sales. Prices are still dropping and are expected to continue dropping. No one has the magic ball with the answer as to when prices will stop falling. A lot depends on how quickly the economy rebounds. With the newly announced First Time Homebuyer Tax Rebate of $8,000, buyers now have the motivation to purchase this year. The Tax Rebate is Non-Refundable which offers an even stronger incentive and will produce a further boost to home sales. Buyers are more recluctant to make offers on new homes coming on the market, preferring to wait a while until the price is dropped. The best houses priced under $450,000 will sell quickly - higher priced homes face more a challenge.
Posted by Jim McCowan on April 23rd, 2009 6:46 AMPost a Comment (0)
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