Home Buyers Ringing Up Sales -- Tax Credit Helps Push Market to 26- Year High
The Commercial Appeal (2007-Current) › October 26, 2009
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Summary
WASHINGTON - Racing to complete their purchases before a tax credit for first-time owners expires, home buyers pushed sales up last month by the largest amount in more than 26 years.
After jumping 9.4 percent in September, sales are up nearly 24 percent from the bottom in January, the National Association of Realtors said Friday.See the full content of this document
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Home Buyers Ringing Up Sales -- Tax Credit Helps Push Market to 26- Year High
But the housing market's momentum could easily peter out if Congress doesn't extend the credit of up to $8,000 for first-time buyers beyond its current Nov. 30 deadline.
John Kindschi, a 33-ye...See the full content of this document
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