There were 32 homes sold in Hyde Park, Mt. Lookout, Oakley and Columbia Tusculum in February, 2010.  Additionally, there are 94 pending sales.Hyde Park, Mt. Lookout, Oakley, Columbia Tusculum Market Snapshot - february, 2010











Every expectation indicates that the extension and expansion of the home buyer tax credit will help home sales in the first half of this year.  Pending sales are expected to increase as the April 30 deadline approaches for purchase contracts to be in place.  These contracts must close by June 30 to qualify for the $8000 or $6500 credits.

But, what should we expect in the second half of the year?  Economists say that the health of the housing market will depend upon jobs.  The Gross Domestic Product is predicted to grow 3%, but jobs still show a mixed picture.  At this point unemployment could increase to 10.5% in the second quarter before improving. 

Factors that make economists believe that the job market is moving in the right direction include the fact the temporary employment is up, more than a million jobs are being created by the census and that job markets that were hurt by the downturn are now adding jobs.

Realtors have confidence as sales continue to show gains across the board.