There were 899 pending sales of existing single family homes in May, a 32 percent increase over May 2010, according to the latest report from the Greater Albuquerque Association of Realtors.
“Thirty-two percent is a substantial increase, but keep in mind May of 2010 was the first month without the income tax credit for [first-time home] buyers,” said Peter Parnegg, president of GAAR.
“What’s important is the local market is stabilizing,” Parnegg added. “The housing market is entering what is traditionally the busy time of the year and savvy consumers are looking to take advantage of these historically low interest rates before they begin to climb.”
via bizjournals.com
Posted on Albuquerque Real Estate-Albuquerque Homes For Sale
No comments:
Post a Comment