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October 31, 2009
There were strong home sales in the Greater Lakes region once again in October.  For the month there were 242 closed sales, up 14.7 percent from a year ago as low mortgage rates and the federal tax credit for home buyers spurred activity.
 
With the home buyer tax credit extended and expanded, we can expect that first-time home buyer activity will remain strong, but don't bank on the same blockbuster numbers we saw this year.  If you were a potential first-time home buyer who was qualified to purchase in 2009, odds are pretty good that you already bought.
 
The fact that the income limits have been raised for eligibility does help since it widens the credit's availability.
 
The $6,500 credit for second-time buyers will spur some sellers in the low-to-mid price ranges to put their homes on the market who had previously been on the fence. New listings will likely increase this winter and into early 2010 as a result. 
 

Feel free to browse through this site to explore Crow Wing, Cass, and surrounding  counties to include the communities of Brainerd, Baxter, East Gull Lake, Nisswa, Lakeshore, Pillager, Pequot Lakes, Breezy Point and Crosslake.