![]() |
Boston real estate, Back Bay Boston realty, Beacon Hill Real Estate, North End Real Estate, Downtown & South Boston, MA Realty for Sale. |
|
|
||||||||
|
|||||||||||
U.S. November existing home sales rise 7.4%!!Tuesday December 22nd, 10:58amWASHINGTON - Home buyers rushed to qualify for an expiring federal tax credit, boosting resales of U.S. homes by 7.4% to a 6.54 million seasonally adjusted annual rate, the National Association of Realtors reported Tuesday. Boston Area homes were on a comparable trend. The sales pace was the highest since February 2007 and was the third straight large increase. Sales are up 28% since August. Buyers were rushing in November to finalize sales ahead of the Nov. 30 expiration for the tax credit, said Lawrence Yun, chief economist for the real estate lobbying group. The tax credit was subsequently extended and expanded to include repeat buyers. Economists surveyed by MarketWatch were expecting existing home sales to rise to a 6.28 million annual pace in November. |
Other PostsGetting your piece of the B...Massachusetts Shines This S... 5 Professional Home Decorat... Top Reasons to Own a Home Somerville - Boston Neighbo... South Boston - Boston Neigh... North End - Boston Neighbor... Fourth Straight Increase in... Brighton - Boston Neighborh... Massachusetts Pending Home... |