Pending Homes Sales Have Leveled Out

According to the NATIONAL ASSOCIATION OF REALTORS®, December pending home sales have leveled out. The Pending Home Sales Index for December 2009 was 10.9% higher than the Pending Home Sales Index for December 2008.

They estimate that 2.4 million households will take advantage of the tax credit in 2010. If you are thinking of taking advantage of this credit, you can look at homes in the Denver area at http://www.real-estate-denver-colorado.com/. The tax credit gives 1st time home buys an $8,000 tax credit and a $6,500 tax credit for those who have owned a home before.

This rise in home sales should help stabilize home prices. As the inventory of houses lowers, it helps the existing home values.