First-time homebuyer tax credit is running out!

Time is running out for first-time homebuyers!

On December 1, 2009, the first-time homebuyer tax credit expires. That means that buyers have to find a house, complete a contract, satisfy any contingencies, secure financing and go to closing by November 30, 2009.

Nationally, the tax credit is working! Home sales to first-time homebuyers increased by 25% in 2009 and now account for 50% of all sales.  Significantly, the tax credit is reducing the inventory of foreclosures that are sitting on the market, helping our neighborhoods and communities recover.

For more information please follow this link to the article in The Portland Business Journal!

[EDITORS NOTE: Andee is being demure. Follow the link to read an interview with Andee about the market.]