A recent RIS Media article documented the third quarter market improvements around the country – including the Northeast, where existing-home sales were up 16.7%. That is 6.9% over a year ago. One possible reason for the improvement is the First Time Homebuyer Tax Credit. The National Association of Realtors Chief Economist, Lawrence Yun, thinks a significant portion of the success is due to the tax credit. More than fiscally motivating, the credit has had an impact on the consumer confidence.
The Boston condo market was sited as one of the higher valued markets.
To read the full story, go to rismedia.com.
For more information on Boston homes for sale, go to Gibson Sotheby's International Realty, Boston's real estate experts.
Monday, November 16, 2009
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