23 News real estate expert Steven Bois says record low mortgage rates, tax credits and improving consumer confidence helped lead to a nearly 10% increase in home sales in the last six months of 2009. First timers were responsible for nearly half of the 3,600 plus sold signs in 2009, due to that $6,500 tax credit. But Bois says higher mortgage rates and the weak jobs market could lead to future housing troubles.
One of the best ways to get into a home this year is to make sure you are pre-approved by your lender before beginning your search.
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