Sales of new homes rose 27 percent in March compared to February, the U.S. Commerce Department announced Friday. It was the largest monthly increase since April 1963, when sales jumped 31.2 percent.
In addition, the National Association of REALTORS® reported last week that sales of previously owned homes rose 6.8 percent.
Economists attribute the figures to buyers taking advantage of the $8,000 tax credit scheduled to expire at the end of this month.
“In simple terms, housing is a bargain again, and buyers are responding,” Michael D. Larson, a real estate and interest rate analyst at Weiss Research, wrote in a research note. “That is unambiguously good news for the market going forward.”
Source: The New York Times, Christine Hauser (04/23/2010)
Cynthia Rodriguez Licensed Sales Associate www.cynthiarodriguez.realpartner.com www.cynthiarodriguezonline.com www.cynthiarodriguez.listingbook.com cynthiarodriguezrealtor@gmail.com
My number one goal is to provide my clients with the highest level of Quality Service. I bring to my clients a quality company that's innovative and ahead of the curve in technology as well as marketing. I don't just sell homes...I help move families to the next level in their lives. Quality Service, Dedication & Determination are the building blocks of my Reputation!
- Cynthia Rodriguez
- Patchogue, New York, United States
- Licensed Sales Associate of Coldwell Banker M&D Good Life Real Estate "Service, Dedication & Determination are The Building Blocks of My Reputation"
No comments:
Post a Comment