LOS ANGELES, Calif. (SEND2PRESS NEWSWIRE) — Foreclosures are at an all-time high. However, good news is on the horizon. The release of the new federal tax credit of $8,000 given to first-time home buyers has heated up the real estate market and provided a well-needed boost to the struggling real estate industry. And, ForeclosureListingsNationwide.com announces that its company has more than 1.5 million properties for sale.

This recent urge to buy has resulted in the rise in sales of new and existing homes. Some states around the country, such as Kansas, have reported a 10 percent increase in home purchases since March of this year which is largely attributed to the tax credit and lower mortgage rates.

In fact, according to the National Association of REALTORS(R), pending home sales show a sustained uptrend, rising for four consecutive months with very favorable housing affordability and a first-time buyer tax credit boosting activity.

“Now, keep in mind that this tax credit is only going to be available for first-time homebuyers who can complete their purchase by December 1,” says Jason Gallagher, real estate expert for ForeclosureListingsNationwide. “Therefore, many people are making offers now because it usually takes 30 to 60 days to close the deal.”

This tax credit may be applied to primary residences including: single-family homes, condominiums, townhomes, and co-ops.

“And, with so many foreclosure homes on the market, now may be the perfect time to buy,” adds Gallagher.

ForeclosureListingsNationwide.com offers the freshest foreclosure listings available on the Web. It is an easy-to-use Web site that offers comprehensive search filter options, neighborhood reports, satellite and street views and school system profiles.

“Our level of customer service is unsurpassed,” adds Gallagher. “Our staff knows the real estate business inside and out and we are here to help our clients every step of the way when it comes to purchasing a foreclosed home.”

In addition to 24/7 customer service, ForeclosureListingsNationwide.com also provides clients with financial tools such as a free foreclosure e-book, mortgage calculator and a foreclosure learning center that is filled with helpful resources.

People who visit the Web site simply click on any state on the U.S. map to begin saving money right away.

TAGS: federal tax credit Foreclosure Listings Nationwide

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News Source: ForeclosureListingsNationwide