Existing Home Sales Rise on Home Buyer Tax Credit

Existing-Home Sales Rise on Home Buyer Tax Credit and Favorable Market Conditions

WASHINGTON (April 22, 2010) – Existing-home sales declined slightly in February, with modest gains in the Northeast and Midwest offset by softer sales in the South and West, according to the National Association of Realtors®.Buyers responding to the homebuyer tax credit and favorable affordability conditions boosted existing-home sales in March, marking the beginning of an expected spring surge, according to the National Association of Realtors®.