According to The New York Times, the housing market showed a rare sign of strength in February. Pending home sales were up 8.2 percent over the previous month.
Economists attributed the increase to the approaching expiration of the government tax credit and an influx of foreclosed homes, which are traditionally offered at bargain prices.
Economists went on to say "they believe sales will slowly pick up and move decisively higher in 2011.
For more on this article go to nytimes.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment