Get ready to cheer about this issue’s real estate news.

2009 September sales not only were up again from last year sales by 13.5% BUT they were up from 2007 September sales by 2.9%!!

That’s right.  This is the first time sales were up from two years ago.

Clay County real estate showed even larger gains.  Clay County sales jumped 22% from the prior year AND a 7% over 2007 sales volume.

See the results below.

This is especially good news after August posted a significant drop in volume (19%) after the year’s best sales volume in July.  The question was whether the bottom was falling out.  With these results, it seems the gains are here to stay.

In fact, October and November sales will likely post equally impressive numbers with buyers rushing to take advantage of the first time home buyers refund expiring Nov. 30.

FYI, the National Association of Realtors (NAR) testified at a recent hearing of the U.S. House Small Business Committee that the best tool for sustaining the still-fragile housing market is the $8,000 homebuyer tax credit, and it’s essential that Congress extend the credit into 2010.

NAR Regional Vice President Joseph L. Canfora also told the panel that a major stumbling block for consumers has been the implementation of appraisal processes spurred by the Home Valuation Code of Conduct (HVCC), which is causing delays in closings. That delay, Canfora said, led to artificially low existing-home sales numbers for August because consumers cancelled sales.

“The credit is working,” Canfora said, pointing out that 355,000 to 400,000 transactions directly attributable to the credit made a significant dent in the housing inventory and will help to stabilize home prices. In addition, the credit has provided a huge indirect benefit to local governments, shoring up property tax bases in particularly hard-hit areas.

Further, NAR has estimated that every home purchase pumps into the recovering economy about $63,000 – the equivalent of one new job added to the employment figures.

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Visit my Website - The Home of the Good Deal
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Be sure to visit my website www.Homes4Jax.net  for the latest stats and other helpful information for the investor,homeowner and homeowners-to-be.

Hoping this year will be your best year yet,

Lee Hughes, aka Mr. Good Deal
Keller Williams First Coast Realty
2233 Park Ave., Orange Park, FL  32073
(904) 651-4493
GetGoodDeals@Homes4Jax.net