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!!!