No surprise: March home sales up 6.8%

Thanks in part to the impending end of the $8,000 home buyer tax credit (not to mention the overall economic recovery), home sales jumped almost 7% in the country, according to NAR and this article from the Washington Post.

Home sales rose more than expected in March, reversing three months of declines, as government incentives drew in buyers and kicked off what’s expected to be a strong spring selling season.

The National Association of Realtors says sales of previously occupied homes rose 6.8 percent to a seasonally adjusted annual rate of 5.35 million last month, the highest level since December. February’s sales figures were revised downward slightly to 5.01 million.

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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