Property Listings Increase

Posted on: July 12th, 2010 by
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I read an interesting article that stated that the number of properties listed for sale are increasing despite the expiration of the first time homebuyer’s tax credit. This increase is due to record low interest rates. Sellers understand that lower rates mean that buyers can qualify to buy more house for the money compared to when interest rates are higher. Sellers also understand that the low rates and value of homes on the market are pulling more buyers into the market than the government’s tax credit.

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