Existing-Home Sales Highest Level in 2-1/2 Years

The National Association of Realtors said sales of previously owned homes increased 10.1% in October, that's the highest increase since February of 2007.

The increase was mostly attributed to the $8,000. tax credit that was due to expire in October - 2009.

The government has since extended the $8,000. tax credit to first-time home buyers and also added a credit of $6,500. to buyers who have owned their home for at least 5 years.

With interest rates at the lowest level in 30 years, now is the best time to buy a home.

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Home Sales Pick Up - Prices Stabilize

US home values stabilized and home sales rose in the third quarter of this year. A good sign of things to come.

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CNBC.com

Home Prices Rise 1.2% in August

Home prices were up 1.2% in 20 major cities in August. This may be a sign that the housing market is beginning to stabilize.

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FOXBusiness.com

Existing Home Sales Up 9.4%

Sale of existing homes rose to their highest level in almost two years in September.

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FOXBusiness.com

Do rising home sales mean recovery?

Maybe, but as CNBC reports, a 5% gain against a 40% drop isn't much to shout about - not to mention that most sales are of distressed properties.

It's still the best time ever for first-time home buyers! Low rates & low prices!

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CNBC.com

"New home sales surge in July"

New home sales increased for the 4th straight month in July. This was the single biggest monthly gain since February 2005.

Source

CNBC.com

"Home prices up again in June!"

Prices of single-family homes rose again in June.

The 3 year housing slump may be easing!



Now is the best time for first-time homebuyers!

Historic low rates and low housing costs.

Source:
CNBC.com