ILoveSoFla.com

Sales Under $250,000 Drive October’s Existing-Home Sales Surge

48.5% of the increase in sales reported by NAR were under $250,000.  In the South, 51.6% of the sales were under $250,000.  The increase in sales was largely due to the expiration of the first-time homebuyers credit, which President Obama ended up extending and expanding.  Most experts expect the next couple of months sales to slide back a bit.

Tags: buying real estate, Miami Real Estate, Real Estate, Selling Real Estate

This entry was posted on Monday, November 23rd, 2009 at 8:01 pm and is filed under Buying, Market Summary, Selling. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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