Showing posts with label national association of realtors. Show all posts
Showing posts with label national association of realtors. Show all posts

Wednesday, February 03, 2010

Contracts to Buy Homes Inch up in December

On Tuesday, the National Association of Realtors announced that the number of people preparing to buy a home rose slightly in December of 2009. Many are considering this a positive sign for the upcoming “spring home buying season.”

The National Association of Realtors said Tuesday its seasonally adjusted index of sales agreements rose 1 percent from November to December to a reading of 96.6. That was a bit lower than the 97.1 level analysts expected.

The index has risen for nine out of the past 10 months as buyers work to take advantage of an $8,000 first-time homebuyer tax credit.

The credit had been set to expire Nov. 30 before Congress extended it to April 30. Lawmakers also added a $6,500 credit for current homeowners.

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