The Surge of the Decade!

I made this sound really exciting, I know. As we all know by now, the first time homebuyers tax credit has really helped boost home sales as of late. According to an article in the Richmond Times-Dispatch, it seems that the tax credit has given the housing market its biggest surge in a decade (a 10.1% increase in the past month). I don't know about you, but I'm pretty excited that Congress decided to extend the tax credit deadline and open it up to other buyers. I'm hoping this means good things to come for real estate in 2010.

Of course, the economy is still slow to recover due to other factors-- job creation being one of the biggest. The building of new homes contribues to job creation, but that area has slowed significantly recently. So we still have a ways to go before the economy can fully recover but the boom in home buying definitely helps!