The real estate market has been showing signs of life in recent weeks with increases reported in both new and existing home sales, as well as, pending home sales. Surveys and statistics show that governments efforts to lower interest rates, and incentives such as the $8,000 tax credit for first time buyers are strong factors in moving buyers off the fence.
Local sales are picking up also…In the first quarter of 2009 there were 11 sold properties in the zip code of 10538. In the first 45 days of the secont quarter the have been 11 sales with 13 in conditional contract and 7 pending.
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