From the Denver Business Journal:

Denver home resales rebound in October

Metro Denver home resales increased in October from September, but were down from October of last year, according to a Metrolist Inc. housing report released Friday.

Home sales, particularly those of lower-priced homes that are proving attractive to first-time homebuyers, have been boosted in recent months by buyers wanting to take advantage of the federal government’s $8,000 first-time homebuyer tax credit before it expired. The credit was set to expire Nov. 30, but Congress on Thursday extended the credit to 2010. As expected by real estate industry professionals, the credit was expanded to include some existing homeowners looking for new homes as well as first-time buyers.

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