First time home buyers have been responsible for over 40% of homes sold in the past year. Home sales are up 9.2% overall in September 2009 compared to September 2008, which experts attribute to the first-time buyer tax credit that is in effect on all homes closed between now and the end of November, according to CNN Money.
To help boost home prices and sales, lawmakers are considering extending the tax credit and expanding it to all but the wealthiest homebuyers.
While keeping the credit would help lift housing prices, senior economist at PNC Robert Dye says it would only be a temporary effect until the program stopped, as was seen with Cash for Clunkers.
In the Midwest, sales were up by 9.6% to a pace of 1.25 million, which was 7.8% higher year-over year.
With the combination of record low prices and the $8,000 tax credit, now is the perfect time to close! Heritage Homes can be your new home, with beautiful townhomes and condominiums located in the historic West Village and minutes from the Loop. To get your journey started, click here to visit New West Realty and to get more information or request a showing at Heritage Homes!
The below video shows the view from 1,000 feet above Chicago’s streets. All that separates visitors from the forces of gravity is an inch and a half of glass. But it’s a strong inch and a half: each ledge supports up to 10,000 pounds, or roughly 43 Jay Cutlers.
If you’ve been considering a move to Chicago, Heritage Homes has beautiful condominiums and townhomes just for you! In the middle of the Windy City’s historic West Village, it’s minutes from The Ledge and all the other things that make Chicago great. It’s the perfect place to set up shop in your very own home. Click here for more information and to schedule an appointment!
You already know that if you close on your first home between now and November 30th, an $8,000 tax credit can be yours. This information has been in the news for a few months, but New West Realty recently announced close-out prices at 30% off the market price at Heritage Homes! Continue Reading »
Heritage Homeswants you to come and visit our beautiful development in Chicago. Schedule an appointment onlineor stop into our sales center located at 801 S. Kedzie Chicago, IL 60612
Our hours of operation are:
Friday – Monday: 12PM – 4PM
New West Realtywould love to help you pick out a home so you can start living the dream you always hoped for in Chicago. Experience urban living at its finest at one of our developments in Heritage Homes.