Existing Home Sales Increase 8.2% in February

Nationally, the number of buyers who wrote contracts to purchase previously existed homes increased sharply exceeding analysts expectations for the month of February. 

Home sales had been sluggish during the winter months due to the unusal weather patterns and the Mid Atlantic regions having several larger than expected snow storms. 

Additional thoughts for the increased business is that the Federal Government has offerred the First Time Homebuyers tax credit of up to $8,000.00 and an existing homeowners credit of $6,500.00 if they were to move and buy a new primary residence.