Buyers looking to capitalize on federal tax incentives sent pending home sales to their highest level since October. According to The National Association of Realtors, pending home sales were up 6 percent in April and 22.4 percent higher than last year. Lawrence Yun, NAR’s chief economist, said the home buyer tax credit brought nearly one million additional buyers into the market and feels housing is now in good position to return to sustainable levels even without government stimulus. More here, here, and here.
Theresa Springer’s Blog
Pending Home Sales Up For Third Straight Month
June 3, 2010
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