Thursday, May 6, 2010

Home Sales Increase in King County during April

While April 30th and the First-Time Home Buyer Credit have come and gone they didn’t go quietly. According to Eric Pryne of the Seattle Times, “April was one of the busiest months for home sales in the King County since the real-estate bubble popped nearly three years ago.” The NWMLS stated on Wednesday that over 1,600 homes changed owners last month, which is a 64% increase compared to April 2009. Now that the tax credit has passed, people are worrying that it may have given the housing market a false sign of a turnaround and sales in the next few months won’t follow suite. However, individuals argue that the extremely low interest rates and housing prices provide enough incentive for people to go out and purchase a home. While it is too early to tell which way the housing market will go, I am personally very optimistic.

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