Single-family home sales in Texas posted a double-digit increase in the fourth quarter of 2009, and the median price rose to $143,400, according to a new report from the Real Estate Center at Texas A&M University. The 53,050 sales in the last three months of 2009 were up 16 percent from the same quarter of 2008. The median price was up about 2.4 percent, from $140,100 in late 2008, according to the first Texas Quarterly Housing Report. “While figures throughout the last quarter of 2009 were positive compared to 2008, they were particularly positive in October and November, which makes it clear that the first-time home buyer tax credit is having an impact in Texas,” said Jim Gaines, an economist with the Real Estate Center. [Read this article]
Loading ...
{ 1 comment… read it below or add one }
Good article. Good news for Texas. Thanks to the extended first time home buyer tax credit. Hope it we won’t be shaken by its expiry.