Home sales shoot up in October. The expiring tax credit, low interest rates and affordable prices all contributed to the uptick nationally as well as locally here in the Portland real estate market. I personally sold 15 homes in the month of October.
What looms ahead? I think we will see a seasonal lull with February and March of 2010 being big months with the April deadline for the extended credit. It is the months following that are a little worrisome. Is the tax credit keeping prices up and when that goes away, will we see like in the car industry a screeching halt?
Here's the full story: http://www.bloomberg.com/apps/news?pid=20601068&sid=at8txtF7KVaA.
Tuesday, November 24, 2009
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About Nick Shivers
- Nick Shivers
- Lake Oswego, Oregon, United States
- Short sales, foreclosure, and distressed properties specialist, operating out of Oregon, but working with Realtors nation-wide.
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