This CNN Story details how home sales improved in October, with a 32% improvement over last October. The PHSI is also at it's highest level since March of '06. The National Association of REALTORS' (NAR) chief economist Lawrence Yun gave much of the credit to the First-Time Home Owners tax credit and the the newly passed credit for existing homeowners.
"The tax credit is helping unleash a pent-up demand from a large pool of financially qualified renters, much more than borrowing sales from the future," said Yun.
In a related story new construction sales rose by a whopping 6.2 percent.
To search for homes for sale in Chautauqua County or to find out more about the tax credit and the stat of the market please contact a Howard Hanna Holt Real Estate Agent today.
Howard Hanna Holt Real Estate
(716) 753-7880
sales@howardhannaholt.com
http://www.howardhannaholt.com
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