New Home Sales!
I recently read a post about how New Home sales are down as everyone expected them to be - then two days later a similiar post about how Economists are seeing a rise in New Home Sales! Each day there tends to be a drastic change in the outlook of many consumers and professionals in this industry.
"The beginning of the end" could it be? Could the rise in New Home Sales be the sign that we are all looking for that tells us the housing market has hit the bottom? Exactly where are New Home Sales Rising? Could it be that the builders are giving so many incentives that the buyers in today's market can't resist?
I was recently contacted by a New Homes Sales representative for a development in my area - the builder is now offering to pay the buyer's first 6 moths of mortgage payments, there is a 55+ community offering 20 years of tax abatement! Wow, I wish I was in the market for a new home today!
Can you imagine? First time home buyer who buys before the first of the year gets to cash in as early as February on the $7,500 First Time Home Buyer Tax Credit and pays no mortgage payment for 6 months!
If anyone has any extra buyers, feel free to send them my way!
