Tax Credits, Foreclosures and Home Sales
Homes Sales on the Rise!
The National Association of Realtors noted a 6.4% increase in home sales for August. This is a Huge sign for our economy. Foreclosures are still popping up but the reality is that there has been and always will be home foreclosures, divorces and layoffs. I'm not trying to be a downer but the reality is we have to remain positive. We can only control what's in our heads. We can't stay attached to the outcome.
Home values remain stable and people are buying homes. The Keller-Williams office in Mandeville, Louisiana posted record home sales for September and October. It looks like they will be extending the tax credit to April 30, 2010. This will be the deadline for the finalization of a contract on a home. The closing date can not exceed June 30, 2010.


