“World's Most Complete Neighborpedia”
Sponsor a Community — What is Localism? | Register or Sign In
Explore:   What's happening in your neck of the woods?
Home $8,000 Tax Credits weigh in on October hom...

$8,000 Tax Credits weigh in on October home sales

The end of the federal tax credit program for first time home buyers seems to have been the catalyst for high October home sales in metro Phoenix.
The program terminates at the end of November and is most likely the reason why there was an unseasonable increase in home sales from September (8,219) to October (8,275). Sales in October 2008 were 5,335.
Most of the activity was in the $100,000 to $150,000 range where first time home buyers are a large component.
In the meanwhile votes in the Senate and the House are expected to extend and expand the program for at least an additional 6 months.
Call me (480) 330 1185 if you would like more information on this program and how it might work for you.

Posted Thursday Nov 05