Home Resales Up As Tax Credit Comes To A Close
April 27th, 2010 categories: Buyer Strategies, Seller Strategies
National home sales were up in March with 7% more closings as compared to February.
Compare that to one year ago (March 09) and the volume was up 16 percent.
“Existing home sale” is the technical term for a home resale; a home previously inhabited by a person. It’s the opposite of a “new home sale” which is a sale of a newly-constructed home.
Data on Existing Homes Sales from the National Association of Realtors® also has some interesting things:
- Year-over-year sales are up for the 9th straight month
- 19 percent of all homes purchased came from investors
- 44 percent of all buyers were first-timers
There are still lots and lots of REOs and foreclosures out there. And if you have a buy or sell coming up, do use any of the many tools on our other website. If you are moving into the Northern Virginia area and need to know about prices and neighborhoods, let us know are we’ll be here to get you whatever relocation information would be helpful.
