"(Realtors in Wilkes) are a lot busier than we were. It seems to pick up every week," said Linda Zinger, president of the Wilkes Board of Realtors. Zinger said much of this increase is due to first-time home buyers taking advantage of a new federal tax credit. This economic stimulus measure lets first-time home buyers deduct $8,000, or 10 percent of a home's value from their federal income tax if they buy between Jan. 1 and Nov. 30 of this year. The credit is refundable, meaning tax filers see a refund of the full $8,000 even if their tax bill was less than that.
Realtors report that sales of part-time homes in mountainous areas of Wilkes are up, but not as much as full time residences elsewhere in the county. Inquiries from potential buyers about undeveloped mountain land in Wilkes have increased in recent months, but local Realtors said this hasn't yet translated to a corresponding increase in sales.
Her comments came during a Focus on the Foothills interview yesterday with 3WC's Angela Henley. We'll have excerpts from the interview over the next few days on 3WC News, and you can download the full interview form our podcast page at 12403wc.com