Mack's Blog » Housing Activity

New Home Sales Are Up

Magoo — Mon, 31 Aug 2009 21:06:37 +0000

New Home Sales Are Up

The Commerce Department reports that new-home sales grew
in July at the fastest pace in 10 months. Volume
climbed 9.6 percent — the most since February 2005 — to an
annual rate of 433,000, topping economists’ estimates of
390,000.

Also, the median price of a new home slipped 0.1 percent from
June to $210,000; and the inventory of available properties
contracted 3.2 percent to a 16-year low of 271,000. The data
suggests that increasing affordability and government stimulus
efforts, most notably a first-time home buyer tax credit, may be
helping the economy to claw its way out of recession.

NOTE: There are several bills in Congress to
extend the first-time home buyer tax credit. It’s not guaranteed
that any of them will pass, but some commentators feel that an
extension is likely!

[SOURCES: Investors Business Daily; Information, Inc.]

Coffee County Housing Activity

admin — Sat, 28 Mar 2009 20:54:41 +0000

As reported in the multiple listing service form March 1 to March 28:
509 active homes listing price ranging from $ 27,500 to $ 4,300,000.
20 pending listed price ranging from $ 24,750 to $ 299,900.
9 sold price range $ 66,000 to $ 350,000

Franklin County Housing Activity

admin — Sat, 28 Mar 2009 20:47:43 +0000

As reported in the multiple listing service form March 1 to March 28:
428 active homes listing price ranging from $ 7,900 to $ 3,500,000.
17 pending listed price ranging from $ 29,900 to $ 559,000.
2 sold price range $ 90,000 to $ 265,000

Grundy County Housing Activity

admin — Sat, 28 Mar 2009 20:35:56 +0000

As reported in the multiple listing service form March 1 to March 28:
64 active homes listing price ranging from $ 28,000 to $ 1,489,900.
4 pending listing price ranging from $ 50,000 to $ 140,000.