Friday, July 31, 2009

Are we seeing the light at the end of the tunnel?

New home sales rose last month at the fastest clip in more than eight years as buyers across the country eagerly took advantage of bargain prices -- a clear sign, economists said, that the real estate market may finally be bouncing back.

Historically low interest rates and a federal tax credit for first-time homeowners also helped push home sales to their highest level since November, the Commerce Department reported Monday.  Full Story by Florida Today and Wire Reports

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