Home Sales Up Nearly 4%
Posted by Jay Gulick on Thursday, April 21, 2011 at 10:59 AM By Jay Gulick / April 21, 2011 Comment
Investors drove up U.S. home sales last month, plunking down cash to grab cheap homes at risk of foreclosure. But purchases made by first-time homebuyers, who are crucial to a housing recovery, fell. Sales of previously occupied homes rose in March to a seasonally adjusted annual rate of 5.1 million, the National Association of Realtors said Wednesday. That's up 3.7 percent from 4.92 million in February. Read more.
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