Tuesday, November 10, 2009

U.S. Home Sales Rise to Two-Year High on Tax Credit (Update1) - Bloomberg.com

U.S. Home Sales Rise to Two-Year High on Tax Credit- Bloomberg.com

Nov. 10 (Bloomberg) -- U.S. home sales increased 11 percent to a two-year high in the third quarter as an $8,000 tax credit for first-time buyers boosted demand.

Sales of existing single-family homes and condominiums increased to 5.3 million at an annualized, seasonally adjusted rate from the previous quarter, the National Association of Realtors said today...