The first-time homebuyer tax credit boosts Eugene-Springfield sales 6% in three months.
Eugene-Springfield house sales rose 6% from July to September thanks to the first-time homebuyer tax credit. Pending sales also increased by 59%.
“I don’t know if we’re bottoming out, but we’re stabilizing. And that’s a really, really good sign,” said Tawfik Ahdab, real estate market analyst at Pacific Valuation Group, publisher of the report. Figures include Eugene-Springfield and nearby small cities, excluding Florence.
Congress, meanwhile, is discussing whether to extend the $8,000 first-time buyer tax credit beyond its Nov. 30 ending date to keep local real estate markets going.
Read the full story at The Register-Guard.
{biztweet}Eugene-Springfield homebuyer tax credit{/biztweet}
