Home Sales in Wichita Are Up, Tax Credit to Thank

There was good news for the Wichita real estate market today. According to the Wichita Business Journal, home sales in October increased by 2 percent over sales from October 2008. Many Realtors give credit to the increase in home sales to the $8,000 tax credit for first time buyers. The report, from the Wichita Area Association of Realtors, showed that, while new home sales are down, existing home sales are up. Home sales are expected to remain steady because of the recent extension and expansion of the First Time Buyer Tax Credit. See if you qualify for a tax credit by clicking here.

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