While the real estate market took a dip after the home buyer tax credits expired a couple of months ago, it appears that the summer boost is coming back.
After May's disappointing numbers, we saw an increase of 24% in new home sales for June, according to the U.S. Commerce department. Sales of new homes rose to an annual rate of 330,000, an encouraging sign for builders and home sellers nationwide.
The home buyer tax credits have propped up the real estate market in the U.S. for at least a year. Their expiration caused a rush at the finish line, and a stall in new transactions immediately after. The big question for the real estate industry was how big the stall would be. Although the new numbers aren't monumental, we are seeing an easing of buyers back into the market and encouraging signals moving into late summer.
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Seattle Homes For Sale
Seattle Waterfront Homes
Seattle Houseboats and Floating Homes
Seattle Homes For Sale
Seattle Waterfront Homes
Seattle Houseboats and Floating Homes
Sam DeBord is a Realtor and real estate broker with SeattleHome.com, a division of Washington State Realty, LLC. He is a member of the Seattle-King County Association of Realtors and a Green-Certified Pro. The NWMLS did not compile or publish this information.
Have a question about this waterfront home, or Seattle real estate in general?
Sam can be contacted at (206) 658-3225 or Sam(at)SeattleHome.com.
Sam can be contacted at (206) 658-3225 or Sam(at)SeattleHome.com.
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