(By Alan Zibel, Associated Press) The U.S. housing market is rebounding faster than expected.The question is, can it last?Sales of existing homes in July posted the largest monthly increase in at least 10 years as first-time buyers rushed to take advantage of a tax credit that expires Nov. 30. Sales jumped 7.2 percent and beat expectations, the National Association of Realtors said Friday.“The housing market has decisively turned for the better,” said Lawrence Yun, the trade group's chief economist.Sales hit a seasonally adjusted annual rate of 5.24 million in July, from a pace of 4.89 million in June.
Similar Stories to Pushed By Tax Credit, U.s. Home Sales Surge on Bing News
Charlotte Observer: Business, Charlotte Observer: Business
Fri, 08/21/2009 - 9:02pm
Topics: alan zibel associated press the u.s nov national association realtors friday.&ldquo lawrence yun july reuters congress robert dye pnc financial services group 400.the stella m hopkins sales june tax credit market million pace buyers homes year results annual housing rise percent monthly month happened earlier increase first-time
BING NEWS:
- Supreme Court upholds homeowners’ protection against ‘home equity theft’ in tax sales
Homeowners who faced foreclosure prior to the U.S. Supreme Court's ruling in Tyler v. Hennepin may recoup excess equity, justices find.
01/9/2025 - 6:41 am | View Link - How Do Tax Rebates and Credits Work for Auto, Home and Business?
A tax rebate is a refund that comes quicker than a tax return, and tax credits are deducted from taxes owed on your tax returns. Credits can also come quicker if you buy a clean vehicle at a ...
01/7/2025 - 12:02 pm | View Link - How a Consulting Firm and Trump’s I.R.S. Pick Pushed a Problematic Tax Credit
Billy Long worked with Lifetime Advisors, a company that solicited clients to claim a pandemic-era tax credit that the ... public accountants and another sales entity. Mr. Long said in that ...
12/23/2024 - 11:00 am | View Link - US new home sales rebound in November after hurricane drag
Sales of new U.S. single-family homes rebounded in November after being depressed by hurricanes in the prior month, but rising mortgage rates could hamper sales next year. New home sales jumped 5.9% ...
12/23/2024 - 2:48 am | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more