Pending Home Sales Surge 8.2 Percent in February

Pending Home Sales Surge 8.2 Percent in February

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sold_sign.jpgThe wobbly housing market showed a rare sign of strength in February: pending home sales were up significantly, a report released on Monday said, suggesting that Americans took advantage of a tax credit for home buyers set to expire April 30.

Sales rose 8.2 percent, the National Association of Realtors said. Analysts had expected sales to stay flat.

(READ the report in the New York Times)

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