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Home sales surge on tax credit boost for buyers
First time buyers taking advantage of an extended tax credit spurred October resale gains the strongest in a decade, lifting the housing market and fueling a Wall Street rally. Resales climbed 10.1 percent to a 6.1 million annual pace, led by credits up to 8000 dollars for new homeowners, while foreclosures rise and job growth remains weak.
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Washington
Wall Street
National Association of Realtors
Thomson Reuters
Congress
Dow Jones
U.S
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Mesirow Financial
Dow Industrials
Dow Transportation
Dow Utilities
NYSE
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