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Mar 16 2009

Pending sales up by 20%

Published at 10:22 am under News

Accepted offers have increased over January by nearly 20%. The activity in our local St. George real estate market has continued to increase.

With the current stimulus package of $8000 tax credit, lowering home prices, excellent interest rates, and an increase in inventory there have been more people looking very seriously in purchasing a home in St. George.

Due to the combination of these factors there are also several first-time home-buyers who are actively joining in on the action as the $8000 tax credit is heavily enticing.

Those who are selling their properties are accepting offers just as fast as potential buyers are making offers. This is a perfect time to buy real estate as there are several factors that are on the buyers side including the government who is continually trying to increase the economy by increasing the numbers of home ownership.

An increase in 20% of accepted offers in January has many real estate agents looking for a very positive year in 2009.

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