Tracy Frank, Published January 27 2010
Home values up in 2009 while F-M housing market stable, Realtors sayFARGO – The Fargo-Moorhead real estate market is stable, according to numbers released today by the Home Builders Association of Fargo-Moorhead and the Fargo-Moorhead Area Association of Realtors.
While the total number of building permits, which include housing, commercial construction and remodeling, was down in2009 compared with the previous year, the total number of permits for new homes was up for the first time in four years.
Single-family construction increased 5 percent in 2009, said Terry Becker of Terry Becker Construction and president of the Home Builders Association of Fargo-Moorhead.
There was a 6 percent increase in total home sales over 2008.
Local and federal tax incentives made a huge difference, said Peggy Isakson, a realtor with Coldwell Banker First Realty and president of the association of realtors.
Home values also rose 3 percent over last year, she said.
Read more in Thursday’s Forum.