The 2009 spring selling season appears to be off to a strong start as indicated from the 13 county metro housing statistics released by the Saint Paul Area Association of REALTORS®.
Closed home sales were up 14.25% from one year ago. There was also an increase in the number of mortgage applications compared to last year. Some contributing factors include the first time homebuyers $8,000 tax credit and historically low interest rates. It appears as though buyers are feeling more confident, moving off the sidelines and purchasing homes again.
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