Good news for buyers

What a great time for first time buyers!  If you haven't owned a home in 3 years and you fit the income guidelines, you can take a tax credit up to $8,000.  For a user-friendly site about this great opportunity, click here:  http://www.federalhousingtaxcredit.com/  For a more technical posting from the IRS, click here:  http://www.irs.gov/newsroom/article/0,,id=204672,00.html 

Good news for sellers

Although 43% of the pending sales in May were Lender-Mediated (foreclosures or short sales), that number is down from 59% in January.  Traditional homes are increasing their market share. 

What does this mean for you?

• Although sellers aren't getting the prices they could have received last year, the median price range was up in May 2009 by $12,000 compared to April.
• The number of signed purchase agreements in May was up 17% from the same time last year.  The makes May the 11th consecutive month of year-over-year increases.
• Hopefully, these are signs that the market is on the road to recovery.

For more details on the latest market statistics, click on Weekly Statistics for Metro in the upper left.

•  Whether you're buying or selling, you go to the top of my priority list.
  
•  You deserve honesty, open communication, and my best efforts.
  
•  Your move is a team effort. We'll put our heads together to find the best solution.