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Housing Sales are Increasing Monthly

Posted on | May 4, 2009 | No Comments

The stats for housing across the US through March are looking very good.  I’m sure they are picking up here as many of my associates and colleagues have been and continue to be busy with both refinances and new purchase business.  I would attribute the business to three things;

-         continued low interest rates

-         first time home buyer $8,000 tax credit if you purchase a home between 01/01/2009 and 12/01/2009

-         This is traditionally the start of the house buying season

Now that THDA has released their Stimulus Loan to help first time homebuyers who do not have a down payment, that takes the lack of a down payment, for those who have good credit histories and meet all the other criteria for a THDA loan, out of the loan equation.  It’s just a great time to buy a house!

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