Northern Va. homeowners looking to sell may benefit from looming tax credit deadline

The federal homebuyer's tax credit deadline is just a month away, and Realtors say buyers know it. Properly priced homes are being snatched up.

February homes sales data for the Washington region show price increases over the same month in 2009, according to Metropolitan Regional Information Systems. Every county in the Virginia suburbs of Washington showed an increase in the average price of homes priced at $100,000 to $5 million. The outer suburbs that were hit the hardest by the mortgage crisis showed the biggest increases, with prices up 25% in Prince William County and up 13.5%in Loudoun County. Alexandria prices rose 17.5%, Fairfax County 7.3%, and Arlington County 3.4%.

Read more at the Washington Examiner...

Posted on Wednesday, March 17, 2010 - 5:09am