There continues to be good news in real estate, both nationally and locally. Our experience is that when residential real estate goes on the market in Gilroy and the surrounding areas, and is priced right, it sells. Checking in with Realty Times this morning, the national report reflects the same condition. Realty Times reports that Lawrence Yun, NAR chief economist, said the tax credit is a significant factor. "We can't underestimate just how powerful a catalyst the first-time home buyer tax credit has been for the housing sector," he said. "It's given buyers the confidence they needed to get off the fence and take advantage of extremely affordable housing conditions. The buying conditions this year are the most favorable on record dating back to 1970, but the tax credit is allowing buyers to set aside any reservations about waiting for a better deal."
See what else Realty Times is reporting.
