Louisville Home Sales Hallelujah?
For the first time in 12 months, Louisville Realtors sold more houses and condos in July than they did a year earlier. The most likely explanation is that Realtors are no longer comparing their monthly sales to figures boosted by the long-expired federal tax credits (like the one that was worth up to $8,000 for first-time buyers). Though deadlines were extended, all the tax credit deals were pretty much closed by June 2010. 'Realtors® may be quietly putting the Home Buyer Tax Credit sales figures into the history books, as they move to a post HBTC market,' the group said. Buyers still have a lot of choices, while sellers have a lot of competition. There were 26 percent more houses and condos on the market on July 31 than a year earlier. Read more.