Are those Cable TV So-Called Business experts crazy?
Have you heard some of these so-called business experts on cable TV who say the $8000 first time home buyers tax credit has done nothing to help home sales or the economy? To them I simply ask what rock are you living under?
New Louisville Kentucky home sales figures for the month October tell a very positive story. The number of homes sold in October 2009 was up 21 % over same time in 2008. Homes going under contract in October 2009 were up 37 % over the year before. Now you cable-TV business experts, please read the following sentence carefully, the majority of the homes that are selling are in the price range of first time buyers. Get it? No? Read the raw data below, the numbers tell the story.
For the rest of us tracking home sales, it’s pretty obvious that the $8000 tax rebate has helped home sales and the economy. Especially when you consider that many of the home buyers spend the tax credit money on fixing up the new house, buying new furniture and TV’s and more. Now the government is about to expand the credit. That could go a long way to helping our economy over the slower winter home sales months. The numbers for October 2009 also show that the average selling price of homes in our area was up about ten thousand dollars from the year before. The bad news is that the time it takes to sell a home was up.
Still the overall trend is good and may continue if our lawmakers read the numbers and keep their TV’s tuned to anything other than those self proclaimed Cable TV business experts!
October 2009
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133,500 |
October 2008
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130,000 |
TOTALS REPORTS Residential Unit Sales Total Unit Sales 0-2 3 4+ Resid Condo/ Total PRICE CLASS/TYPE Bedrm Bedrm Bedrm Sales Co-Op Units $29,999 OR UNDER 27 17 6 50 2 52 $30,000 - $39,999 8 9 5 22 2 24 $40,000 - $49,999 7 15 2 24 0 24 $50,000 - $59,999 1 8 1 10 4 14 $60,000 - $69,999 8 14 3 25 4 29 $70,000 - $79,999 5 18 4 27 4 31 $80,000 - $89,999 14 37 5 56 11 67 $90,000 - $99,999 11 46 5 62 12 74 $100,000 - $119,999 17 102 19 138 39 177 $120,000 - $139,999 10 102 23 135 19 154 $140,000 - $159,999 6 80 17 103 16 119 $160,000 - $179,999 8 54 28 90 9 99 $180,000 - $199,999 3 28 25 56 8 64 $200,000 - $249,999 2 57 46 105 4 109 $250,000 - $299,999 2 21 38 61 5 66 $300,000 - $399,999 1 7 45 53 8 61 $400,000 - $499,999 0 1 15 16 1 17 $500,000 OR OVER 0 3 23 26 3 29 Total Types: 130 619 310 1059 151 1210 Average Price: $88,376 $137,523 $250,036 $164,425 $152,193 $162,899 Median Price: $126,500 $126,500 $212,500 $135,500 $118,000 $133,250 Average DOM: 66.72 77.72 88.32 79.47 117.5 84.22 Average CDOM: 87.7 118.58 150.94 124.26 195.28 133.13
SOLD/ACTIVE RESIDENTIAL LISTINGS
01-Oct-2009 - 31-Oct-2009
