By: Larry Willis

Larry Willis — Mon, 11 Jan 2010 19:22:04 +0000

Hi Elizabeth,
Yes, we have just completed an analysis of our MLS for last year compared to 2006 numbers and we were down a little over 61% in dollars. However, when you look at month to month for 2009; we have seen an increase every month since July and we were up over 85% in November over the same month for a year ago. In our area, we have very little first time home buyers and the area that we have seen the biggest increase are condos; that are hard to finance because the banks do not want to loan money on. The majority of people buying realize the great deals that are availble and either pay cash or use the equity from their homes. We hope our state comes up with something like your state because we have to get construction going again.

By: ElizabethL

ElizabethL — Mon, 11 Jan 2010 16:55:52 +0000

I agree, Larry. It seems even here in St. Louis, that people are skeptical to purchase homes. There’s several rumors flying around that home prices will drop with the tax credit ends, and people are failing to notice that although sales aren’t the way they were 3 years ago, they’re improving. Missouri just announced a $1250 property tax credit for new home buyers and a $500 incentive for installing energy efficient appliances in new homes!

Comments on: Home Builders Stocks are starting to Improve

By: Larry Willis

By: ElizabethL