Dallas Real Estate Home Sales Increase & Inventory Decreases

December 23, 2009 by · Leave a Comment 

Dallas Real Estate Home Sales Increase | Dallas Existing Home Sales

Home-Sales-Increase

Dallas Home Sales Increase | Nov 2009 NAR Report

The National Association of Realtors reported yesterday that existing home sales rose 7.4% in November, the highest rate since February 2007.  Many attribute the sharp gain to the home buyer tax credit which was recently extended to April 30th, 2010 and expanded to include repeat home buyers.  One thing is for sure, Dallas existing home inventory is starting to sell helping the local Dallas real estate market to recover along with other local industries.

Lawrence Yun, NAR chief economist, expects a temporary sales drop in the coming months with a another surge in spring 2010 which will hopefully lead to a self sustaining real estate market.  4.4 million households are expected to take advantage of the tax credit which will assist in chipping down the real estate inventory across the country.

Interest rates last month fell to the second lowest rate on record at 4.88 percent compared to 4.81% in April 2009.  Low interest rates, tax credit, and housing instability may be a thing of the past in the future.  Home buyers are urged to take advantage of optimal purchase conditions while they still exist.

For more information on existing home sales in Dallas, visit:  NAR Nov 2009 Report Existing Home Sales

Dallas Real Estate Market | Dallas Real Estate Market News

For more information on the Dallas real estate market including current news, events, articles, please visit our Dallas real estate website or contact one of our realtors in Dallas if you have questions on buying, selling, renting, or pre qualifying for a home.

Be Sociable, Share!

Related posts:

  1. Dallas Home Buyer Tax Credit Extended to June 2010
  2. Dallas Fort Worth Real Estate Brokerage Expansion
  3. Buying a Home in Dallas – The Right Home at the Right Price
  4. Dallas Real Estate Home Foreclosures Allowing Buyers to Cash In
  5. Guide to Selling Your Home in Dallas
About Kenneth

Comments are closed.

Twitter links powered by Tweet This v1.8.2, a WordPress plugin for Twitter.

Get Adobe Flash player