Existing Home Sales Surge Thanks to First-Time Homebuyers
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David J Edwards
Jan 14, 2010, 2:55:47 PM1/14/10
to King County Real Estate Information Resource
Existing home sales surged a record-breaking 44 percent from a year
ago, the highest annual gain since NAR started tracking the data in
1999. The strong gain can be attributed to first-time buyers who
accounted for 51 percent of all home sales, the highest on record
dating back to 1981, as they rushed to beat the deadline for the first-
time buyer tax credit that was due to expire November 30. The previous
high was 44 percent in 1991. Sales activity is at the highest level
since February 2007 when it reached 6.55 million.
ago, the highest annual gain since NAR started tracking the data in
1999. The strong gain can be attributed to first-time buyers who
accounted for 51 percent of all home sales, the highest on record
dating back to 1981, as they rushed to beat the deadline for the first-
time buyer tax credit that was due to expire November 30. The previous
high was 44 percent in 1991. Sales activity is at the highest level
since February 2007 when it reached 6.55 million.
Latest Data Release: December 22, 2009 - National Association of
Realtors
Best Regards,
David J Edwards
Real Estate Agent & REALTOR
Edwards Real Estate Group
Keller Williams Realty Southeast Sound
Phone: 425-636-0296
Fax: 425-902-1899
E-Mail: Da...@EdwardsRealEstateGroup.com
Website: http://www.EdwardsRealEstateGroup.com
Blogsite: http://www.davidjedwards.com/real-estate-blog.asp
Mobile Site: http://davidjedwards.mofuse.mobi
Community Reports: http://www.topmarketer.net/CSR/CSReport.aspx?CV4GU5KAYOEF
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The Edwards Real Estate Group specializes in Residential Real Estate
for buyers and sellers.
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