Real Estate Trends - Palmdale, Lancaster, Quartz Hill and the Greater Antelope Valley November 6 '09

The big news is the TAX credit is back in play and new twist repeaters might be able to get a tax credit as well…

Following the Senate’s positive vote yesterday, the U.S. House of Representatives voted 403 to 12 to extend the home buyer tax credit. Increasing the limits to include current homeowners not just first-time buyers.

President Obama is to sign the legislation quickly we hope. The federal tax credit will be extended through April 30, 2010, with a 60-day extension if a contract is in place prior to the deadline. First-time home buyers will continue to be eligible for a tax credit of up to $8,000, while existing homeowners will be eligible for a reduced credit of up to $6,500.

Janet O'Brian is a Certified Short Sales Specialist in California and is ready to help you with your situation… Pre-foreclosures

Monthend Numbers

October '09 September '09 August '09
Listed 659 701 691
Pending 593 725 564
Sold 549 564 621

The new look of the Dailys which are a set of number tracking the current trand in the Ral Estate Market in the Antelope Vally.
Dailys*

New Listings	30
Back on Market	3
Price Increases	2
Price Reductions	8
Pendings	36
Solds	29
Expireds	3
Inactives	10

Month to Date and Projected open Escrows*

Absorption Rate*
Current Month 1.3 Months
At Last Months Rate 1.4 Months

Historical High 5300+ Mid 2007

Richard & Janet O'Brian Real Estate Agents in California work with buyers of all types, from first time, to investors, please let us work for you! Call us today. If you are looking for an aggressive Team to find and fight for the best deal call us or visit out website http://www.homesbyjr.com/.

Janet O'Brian is a Certified Short Sales Specialist and is ready to help you with your situation please visit her web-site.

(Quick Mapping Links for Core Areas)
Palmdale Lancaster Ana Verde Ritter Ranch Quartz Hill Leona Valley Lake Hughes Lake Elizabeth

*The Core Nunbers do not include outlying segments of the Antelope Valley or out-of-area properties. Lancaster, Palmdale, Quartz Hills, Leona Valley, Antelope Acres, Lake Elizabeth, Lake Hughes, Littlerock, Lake Los Angeles, Green Valley and Juniper Hills are included in the core grouping. All figures are Single Family Residential only.