Tax credits and higher priced homes sales. Coincidence? I think NOT!
By Richard Weisser, Richard Weisser Retired Real Estate Professional
(Richard Weisser Realty)
I know that my personal experiences are anecdotal, and I am a firm believer in statistics, but I have seen a dramatic increase in the amount of activity on listings priced over $200,000 since the new $6500 tax credit went into effect November 7th. In one case, a beautiful home that sat for months almost unnoticed suddenly had two acceptable offers within a few days of each other. And the number of showings has nearly tripled in this range. Could this be the kick in the pants the market really needed to jump start itself to a recovery, or merely a result of some pleasant fall weather? Only time and complete data analysis will tell the true story. But for now, I’ll just enjoy the boost in business …whatever the reason!
Comments
40