Economic Stuff...

Posted by Brooks / on 03/04/2009 / 0 Comments

I know we only hear negative stuff on the news.  Here's something positive that I just read.

[According to the National Association of Realtors® (NAR), there were 4.9 million homes sold in the U.S. in 2008, and the projection for 2009 sees that number growing by 6.6% to 5.2 million.Considering the numbers of real estate agents are declining, that means more homes sold per agent this year!

Calvin Lindberg, president Canadian Real Estate Association (CREA) says, "The increase in the Home Buyers' Plan and the First-Time Home Buyers' Tax Credit to cover closing costs are both important for first-time home buyers, and they are an important factor in an active housing market."]

Maybe you could attribute homes being sold at a faster rate due to the tax credits as well as declining prices making deals that much more enticing.

 

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