Decreasing Madison MS Real Estate Foreclosures
Good news for Madison MS real estate home owners. Third quarter reports show the home foreclosure rate is decreasing in Madison County. We’re beginning to turn the corner and the past three quarters of 2009 show a 10.7 percent reduction in Madison County home foreclosures.
The 6.3 percent unemployment rate in Madison County has had an impact on Madison MS real estate foreclosures. However, the unemployment rate in Madison County is going down and is lower than the state average of 8.8 percent.
The Stimulus Plan has helped the local Madison MS real estate market and home builders. With the extension of the $8,000 first-time homebuyer tax credit and the new $6,500 tax credit for existing homeowners wishing to purchase a new home, we should continue to see an increase of home sales and building permits.
Don’t wait! If you’re considering purchasing Madison MS real estate and want to take advantage of the home buyer tax credits, you’ll need to sign a contract by April 30, 2010 and close by June 30, 2010. Interest rates are still at record lows, and now is the time to buy the home you’ve been dreaming of.
If you’re interested in seeing Madison MS homes for sale, I can help. If you need more information on the home buyer tax credits, give me a call today at 601-942-3392.
Paula Ricks
Coldwell Banker Nell Wyatt, Inc.
Ridgeland, Mississippi
www.PaulaRicks.com
Paula@PaulaRicks.com
Call direct: 601-942-3392
