Real estate home sales rose, once again, in July. 

July housing statistics have exceeded most economists' forecasts with sales rising over 9%.  This is another month of positive indicators for a troubled market that appears to be finally bottoming out.    While the total numbers of home sales are down considerably from the high point of 2005-06, they are up quite a bit from January of this year.

 The first time homebuyer tax credit which gives 10% of the value of the home up to $8,000 has been given a good deal of credit for the upswing. The first time homebuyer tax credit is only good until December 1^st and there currently is a big push to extend the credit in order to continue the momentum. Home builders in particular want to see the credit extended because any projects that is started today cannot be guaranteed finished by the tax credit cut-off date.

See our web site more information on July's sales and the current Market Condition Report for Victorville Real Estate

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