Sales of existing homes grew 7.4% compared to October according to the National Association of Realtors. With the tax credit no longer expiring in November, 1st time home buyers are taking advantage. NAR estimated that 51% of sales are from buyers new to the market. Typically 1st time buyers only account for 40% of sales. Take a further look into the numbers and the NAR’s predictions by reading the full article on CNNMoney.com.
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