The Pending Home Sales Index moved higher in March as home sales were spurred by low mortgage rates and an expiring tax credit.
A “pending home sale” is a property that is under contract to sell, but not yet closed. The tax credit allows closings to take place anytime prior to the end of July.
March marks [...]
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Pending Home Sales Rise Due to Expiring Tax Credit
Wednesday, May 5th, 2010
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