Existing-home sales bounced back strongly in September with first-time buyers driving much of the activity, marking five gains in the past six months, according to the National Association of Realtors®. In this video, Lawrence Yun, NAR chief economist speaks on the favorable conditions.
Bidding Wars Return to the Real Estate Market
Posted On October 20th, 2009 by Grace | Comments ClosedABCNews is reporting that the first-time home buyers credit has actually spurned the Real Estate market as hoped. The deadline is fast approaching, November 30th, and first-time home buyers are out shopping. The market is experiencing something that it hasn’t seen for years: bidding wars. It’s happening this way because contracts must be signed by the deadline so people are in a rush to close on their dream home before they miss out on the credit. First-time home buyers, using the tax credit which is part of the $787 billion economic stimulus bill passed in February, can reduce their federal income taxes by 10% of the price of the home, up to a maximum of $8,000.
It’s ROCKTOBER!
Posted On October 7th, 2009 by Grace | Comments ClosedIf it’s October and the Rockies are in the playoffs, that means only one thing: IT’S ROCKTOBER! Here at Wright Kingdom, we are big Rockies fans. A summer referral contest resulted in a group of WKer’s who sent outgoing referrals attending a couple of the big games during the Rockies’ two month hot streak. We’ll be cheering our guys on as they take on the defending World Series Champions, the Philadelphia Phillies today at 12:37 pm MDT. To see the full playoff schedule, click here.
A quick economic rebound?
Posted On October 2nd, 2009 by Grace | Comments ClosedAn article on the DenverPost.com today talks about the University of Colorado’s leading economist, Richard Wobbekind’s stance that the state of Colorado is poised to be among the first states to bounce out of the National Recession. He is quoted saying, “We may be one of the first states out.” Some of the positive forecasts for the next year include, the state’s job growth is to return to a positive 0.4 percent, sales increase, higher energy and commodity prices, and an overall broad US recovery which would result in more goods being transported, therefore benefiting Colorado.
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