March Home Sales Jump 27 Percent, but Tax Credit to End

A surge in sales of new homes is exciting realtors and builders, but some analysts question whether it's a sign of lasting recovery. New home sales jumped 27 percent in March, the biggest monthly increase in 47 years. In some regions of the country, the growth was even more pronounced, with a 44 percent increase in sales in the South and a 36 percent increase in the Northeast. "We are off life support," said home builder Rick Judson, whose company is based in Charlotte, N.C. "Generally...Full Story
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