SellingNorthernNV

Quality Real Estate News and Market Data

National Association of Realtor’s outlook for 2011

Josh Talayka | April 27, 2011

Early this year, Chief Economist for the National Association of Realtors (NAR) Lawrence Yun was predicting that existing-home sales for this year will increase by 0.4 million when compared to last year’s sales of 4.8 million. In addition, Yun also expects that prices will increase an average of 1% this year. According to Yun, these gains will be the result of continued economic improvements that he is also predicting.

Statistics: Cash and Liquid assets that corporations are just sitting on

Josh Talayka | December 31, 2010

According to the Wall Street Journal, the amount of cash & liquid assets being held onto by corporations increased 26% at the end of this year’s first quarter, when compared to the previous years.

First-Time Home Buyer Tax Credit

Josh Talayka | April 13, 2009

One of the provisions of the Housing and Economic Recovery Act of 2008 was the First-Time Homebuyer Tax Credit. The Credit is designed to encourage first time buyers to go ahead and purchase their first home. The Credit amounts to 10% of the purchase price, and may be as much as $8,000.