Realty World® Executive Partners » Existing home sales

Seattle-area home sales rose sharply in March

Verna — Thu, 06 May 2010 06:30:21 +0000

Seattle-area home sales rose sharply in March compared with both February and the unusually low level of a year ago, according to a report by DataQuick Information Systems. The report continues, “A total of 3,939 new and resale houses and condos closed escrow during March in the Seattle-Tacoma-Bellevue metropolitan statistical area encompassing King, Snohomish and Pierce counties. March sales rose 55.0 percent from February and increased 52.0 percent from March 2009, according to MDA DataQuick of San Diego. The firm tracks real estate trends nationally via public property records.”

Read the full report on Seattle-area home sales in March.

The Federal Home Buyer Tax Credit Program Expires Soon

Verna — Sun, 11 Apr 2010 06:20:23 +0000

The Worker, Homeownership, and Business Assistance Act of 2009 extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. It also authorized a tax credit of up to $6,500 for qualified repeat home buyers. The tax credit applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.

Existing U.S. Home Sales Rise to Highest Level Since 2007 in Recovery Sign

Verna — Wed, 23 Dec 2009 19:45:12 +0000

A story published on Bloomberg.com today states that “Sales of existing U.S. homes in November rose to the highest level in almost three years as first-time buyers rushed to take advantage of a government tax credit and lower prices.“