Housing Market Off To A Good Start This Spring

Prompted by the federal home buyer tax credit, low mortgage rates and lower home prices home re-sales rose 6.8% in March after three straight months of declines, according to the National Association of Realtors. The rise in sales demonstrates a stronger housing market moving into the historically most active season of the year.

Existing home sales, including single family homes, condominiums, townhouses and co-ops hit a seasonally adjusted 5.35 million units.

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