Stats Continue To Look Good :-)

LISTINGS Residential (Single Family & Condo)
Oct. 19 – 25, 2009 505
Last Year  509
SOLDS  
Oct. 11 – 17, 2009 236
Last Year  195
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Statistics

LISTINGS Residential (Single Family & Condo)
Oct. 12 – 18, 2009 522
Last Year  492
SOLDS  
Oct. 4 -10, 2009 239
Last Year  191

LISTINGS

Residential (Single Family & Condo)
Oct. 5 – 11, 2009 579
Last Year  544
SOLDS  
Sept. 27 – Oct. 3, 2009 351
Last Year  325

ECONOMISTS ENCOURAGE TAX CREDIT EXTENSION

When Congress passed an $8,000 tax credit for first-time home buyers last winter, it was intended as a dose of shock therapy during a crisis. Now the question is becoming whether the housing market can function without it.

As many as 40 percent of all home buyers this year will qualify for the credit. It is on track to cost the government $15 billion, more than twice the amount that was projected when Congress passed the stimulus bill in February.

In the view of the real estate industry and some economists, all that money is well spent. They contend the credit is doing what it was meant to do, encouraging a recovery in the housing market that is gathering steam. Analysts say the credit is directly responsible for several hundred thousand home sales.

Skeptics argue that most of the money is going to people who would have bought a home anyway. And they contend that unless it is allowed to expire on schedule in late November, the tax credit is likely to become one more expensive government program that refuses to die.

The real estate industry, including the powerful 1.1 million-member National Association of REALTORS®, wants Congress to extend the credit at least through next summer. The group hopes to expand the program to $15,000 and to allow all buyers, not just those who have been out of the market for at least three years, to qualify. The price tag on that plan: $50 billion to $100 billion.

Source:  New York Times

Statistics

LISTINGS Residential (Single Family & Condo)
Sept. 28 – Oct. 4, 2009 588
Last Year  566
SOLDS  
Sept. 20 – 26, 2009 255
Last Year  261
LISTINGS Residential (Single Family & Condo)
Sept. 21 – 27, 2009 605
Last Year  533
SOLDS  
Sept. 13 – 19, 2009 258
Last Year  172