Tax Credit, Pending Home Sales | featured news

(Image from article: "Sharp Rise in U.S. Home Sales in February")

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Sharp Rise in U.S. Home Sales in February

The wobbly housing market is showing a rare sign of strength: pending home sales were up significantly in February, a report released Monday said, suggesting that Americans took advantage of a tax credit for home buyers.

Pending home sales reach 3-year high

Signed contracts to buy previously occupied U.S. homes rose for the eighth straight month in September as buyers scrambled to take advantage of a tax credit for first-time buyers.

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