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MN Metro Housing
Tanya Ericksen-Troska
REALTOR®, e-PRO®
Keller Williams Premier Realty is Independently Owned & Operated
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                                                                    Today's Market Conditions Report -

A comprehensive analysis of the market, with over 10,000 reports from Realtors across North America.

The National Association of Home Builders is reporting that the sale of newly built, single-family homes fell 3.6
percent in September. FULL STORY->
MAAR's Monthly Skinny
Expansion Success
courtesy of NAR; 09Nov2009

Congress and President Obama passed both
an extension of the $8,000 First Time
Homebuyer Tax Credit and added a REALTOR®
supported $6,500 Homebuyer Credit for citizens
who have lived in their home for 5 consecutive
years in the past 8 years.

Passing the law is great for real estate through
April 30th, 2010. It is anticipated that the
Congress will not continue this program after
this Extension/Expansion.

Details are difficult to get at this point. Many of
targeted to help move-up buyers. Many of those
have not been released yet as the IRS begins
deciphering the legislation. These also include
questions about whether investor and 2nd
home purchases qualify for the credit. These
details will be forthcoming as the intent in the
statutory language is put in effect.
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