With interest rates at near-record lows and incentives such as a federal $8000 tax credit available for first-time home buyers, the Triangle area real estate market is showing signs of a rebound.
Data for May from the Raleigh Regional Association of Realtors show that pending sales, showings, monthly closings and average resale prices were the highest in six months. Meanwhile, the number of expired listings fell to the lowest totals seen in the same time period.
Statistics also showed some stabilization in home values.
The Editor; Tom
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