Compared to the lowest recorded level of real estate sales last March 2007, there is a superb increase on the rate of real estate sales as of September 2009, as reported by the Campbell Communications, a leading research firm.  According to them, there is a big boom going on in the housing market nowadays which is attributed to the low mortgage rates and an increase of 10% in the tax credit of the sales price, rising up to $8,000 if the sale is accomplished by the end of November 2009.

States showing the most improved rate with regards to real estate purchases are Las Vegas, Los Angeles and in San Diego.  The real estate resale market is slowly rising although there has also been a recorded slight increase in the foreclosure of real estates in the market.  One of the reasons of the increased rate is also due to their low real estate prices paired with a lucrative purchase deal.  Increase in the home resale market went up by 9.4% with a seasonal adjusted rate of 5.57 million, these such increase is mainly attributed to the deadline of the first time home buyer’s tax credit.  Additionally, based on the report by the National Association of Realtors, the highest level of re-sales hit of real estate in more than two years was recorded last September 2009.