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July home sales surge 7 percent on tax credit rush
U S housing market sees July resales rise 7.2 percent to a 5.24 million annual pace, the strongest month since August 2007 as first time buyers rush to use an expiring tax credit. Foreclosures remain about a third of sales, inventories rise to 4.1 million, with a 9.4 month supply.
MENTIONED IN THIS ARTICLE
Washington
U.S
National Association of Realtors
George Hackett
Coldwell Banker Real Estate
Pittsburgh
Thomson Reuters
Congress
Robert Dye
PNC Financial Services Group
Federal Reserve
Ben Bernanke
Labor Department
San Diego
Orlando
Stephen Stoyko
Roswell
Atlanta
Stoyko