My Indiana Home Blog

It looks like the first-time homebuyer tax credit has helped boost signed sales contracts for the 8th straight month!  It's estimated that between 200,000 and 400,000 additional sales will have been made because of the credit.  How exciting for real estate markets everywhere!

Increased pending sales are a forward-looking indicator since contract signings precede actual closings; they typically take place two to three months later. Although some contract signings fall through, a jump in signings in September usually means NAR statistics on December existing home sales will improve. 

Now that the first-time homebuyer tax credit has been extended and the new tax credit for homeowners who have owned their home for 5 years has been put in place, let's hope that this upward swing in the real estate market carries over to 2010!

If you would like to take advantage of the current low rates and tax credits give me a call!  317-846-FAST