Tuesday, December 22, 2009

NOVEMBER HOME SALES

After moving up 10% in October, sales of existing homes jumped again, growing 7.4% compared with October to an annual rate of 6.54 million units, according to the National Association of Realtors. "This clearly is a rush of first-time buyers not wanting to miss out on the tax credit," said NAR's chief economist, Lawrence Yun.

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