U.S. Home Sales Rose Sharply in February

filed under: Market updates posted on April 5th, 2010

Last month I posted the startlingly high “PENDING SALES” figure for the short, rainy month of February, in which the highest number of pending sales was recorded for the last two years.

Today the national press reported that nationwide, pending sales rose sharply throughout the US. The interpretation is that the soon to expire Federal Tax Credit of $8,000 for first-time and $6,500 for existing home owner tax credits were promoting the increased buyer activity. Interestingly, the article reported that strong sales in the Midwest lead the charge, and that sales have declined in the Western States. As yet further proof that all real estate news is local, the numbers of pending Sonoma County home sales bucked the Western states trend. (Wait till you see the March numbers, coming soon!)

posted by Pam Buda // 2 Comments »

This entry was posted on Monday, April 5th, 2010 at 5:51 PM and is filed under Market updates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

  1. Ed Daniels - Metrowest Boston Real Estate said at April 6th, 2010 at 1:59 PM

    Pam: Great to hear that the market is on the upswing. The MAhome Team is getting excited to see the housing market in MA doing the same trending. Your area looks beautiful and looking forward to visit one day soon!

  2. Pam Buda said at April 6th, 2010 at 4:46 PM

    Hi Ed–glad to hear that about Massachusetts. Good to have some stability–relatively speaking–in our markets.

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