The Broncos didn't win in November and neither did the REALTORS. Under-contract sales were down 29.9% from October. The main reason was all the first time buyers shut down in November thinking they were going to be out of luck with the $8000 tax credit due to expire. The proof here was that closings were up 23%. Now that the $8000 first time tax credit was extended we'll see this segment of the market pick up again. Also included in the Bill was a $6500 tax credit for move up or move down buyers. You need to have lived in your existing home 5 out of the last 8 years. It expires at the end of April and we are hearing it won't be extended. With the tax credit and low interest rates if you're going to mae a move, you won't find a better time. Call Danyliw & Associates, REALTORS with any questions you may have. Tell all your friends and relatives. Happy Holidays!

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