Home sales are up for the third month in a row!

According to the National Association of REALTORS, pending home sales have gone up again for the third month in a row. This is due to record low mortgage interest rates and the $8,000. first-time buyer tax credit. Keep in mind that first-time buyers have to close on their home purchase by November 30, 2009. This should continue to increase home purchases over the summer. National legislation is currently being proposed to extend the deadline for an additional period of time. There are several proposals on the table, but all included some sort of extension to the deadline. Additionally, NYS legislators have proposed a $7,000. personal income tax credit for the purchase of a home in New York State (A.7125 V. Lopez / S.3900 J. Addabbo). This all spells out a great buying atmosphere in our area. Sellers .... Now is the time to sell, because Buyers are ready, willing & able to buy!!!

A great time to buy!!

I've been selling Real Estate in this market for about 15 years now, and rarely have real estate buyers had such a great opportunity! The $8,000. Federal Tax Credit, historically low interest rates & a good supply of homes in many neighborhoods. Owning your own home is still one of the best investment decisions you could make in todays uncertain market. Oh, by the way Home Sellers ..... if you put your home on the market while the buyers have such great opportunities; you may just be surprised at the value your home could bring!!