As expected, July sales dropped dramatically from July, 2009. The Memphis Area Association of REALTORS® reports 995 sales for July, down from 1,369 last year. That’s about one sale for every 3.5 licensed agents in MAAR.  Year-t0-date sales are down only 1.6% from 2009, a number artificially inflated by the home buyer tax credits earlier […]
3 reasons we don’t need another home buyer tax credit
Soon after HUD Secretary Shaun Donovan dropped the hint, in a CNN interview, that there might be another home buyer tax credit on the horizon, the Calculated Risk Blog posted the thoughts of economist Tom Lawler, that rumors of of another credit would hurt the struggling real estate market by causing buyers to hesitate, or […]
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Memphis home sales up for May
According to MLS sales numbers released by the Memphis Area Association of REALTORS®, May, 2010 home sales are up 16.4% from 2009 (1,195 vs. 1027) units.  Well, duh. Can you say Home Buyer Tax Credits? Although Congress is trying to extend the closing deadline of June 30 for buyers who completed their contracts by April […]
