Brainerd Area Home Sales Up

Housing sales have increased in the lakes area by almost 12% over last year in the Brainerd Lakes Area, according to Edina Realty manager Jim Eisler. He attributes the increase in part to the federal tax credit. This view is also supported by Dr. Lawrence Yun Chief Economist of the National Association of Realtors. Yun says the credit helped stimulate real estate sales for first-time buyers and for move-up buyers.

Eisler expects the expansion of the tax credit will help the next segment of the market, the so-called move-up buyer looking at properties in the middle price bracket. The new $6,500 federal tax credit is available to all credit worthy buyers.