Many Louisville real estate agents already know very well that the number of people across the U.S. getting ready to buy a home dropped sharply in November 2009. Housing experts say that housing markets across the country could be heading for a “double-dip” drop in sales where a decline in home selling prices is exacerbated by potential homebuyers who can take a bit more time in home shopping since the federal tax credit was extended. Adding the usual downturn in winter home buying, real estate agents all over the country could have some extra time on their hands.
Recent home sales figures released by the government show that October home sales got a boost from the scheduled expiration of the federal homebuyer’s tax credit. When the tax credit program was extended that month, buyers got several more months to bide their time and watch home prices for the best deals. However, Louisville home sales appear to have bucked the country’s downward trend, at least for December 2009. Lisa Stephenson, executive vice president of Greater Louisville Association of Realtors, said recently that Louisville home sales in December might have been up sharply from November’s home sales.
She was waiting on the release of the official home sales numbers, but thought home sales in and around Louisville may have climbed 40 percent in December. Whether Louisville home sales will continue to buck the national trend in January has yet to be seen. Nevertheless, if you’re thinking about using the federal tax credit to buy a Louisville home for sale, call 502.744.9504 or visit Louisville Properties website to see the area’s best selection of Louisville real estate.
