Apr 22, 2010
No surprise: March home sales up 6.8%
22 Apr 2010
Posted by Andrew Kantor
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.