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Giving Housing a Hand

GIVING HOUSING A HAND mint.com WITH THE HOME BUYER TAX CREDIT EXPIRING ON APRIL 30, THE RUSH WAS ON TO TAKE ADVANTAGE OF THE FREE MONEY. YEAR-OVER-YEAR SALES DURING THE FIRST QUARTER OF 2010 SPIKED AS HOUSE HUNT- ERS LOOKED TO CLOSE THEIR DEALS BEFORE THE DEADLINE. Q1 YEAR-OVER-YEAR CHANGE IN SALES: < 0% 1% to 10% 11% to 20% 21% to 30% 31% + Z DATA UNAVAILABLE MONTHLY SALES IN MILLIONS FOR SALE: U.S. HOME SALES BY MONTH: HOME SALES INCREASED STEADILY 3 DURING THE FIRST HALF OF 2009, PEAKING LATER IN THE YEAR, IN NO- VEMBER, BEFORE DROPPING OFF IN THE FIRST TWO MONTHS OF 2010. WITH THE TAX CREDIT EXPIRING AT THE END OF APRIL 2010, THE NUMBER OF SALES SPIKED AGAIN IN THE FIRST QUARTER OF 2010. APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR 2009 2009 2009 2009 2009 2009 2009 2009 2009 2010 2010 2010 2010 THE 10 MOST EXPENSIVE METRO AREAS: THOUGH MOST HOME PRICES HAVE DROPPEDA BIT SINCE Q4 OF 2009. THE FIRST QUARTER OF 2010 SAW A YEAR-OVER-YEAR INCREASE ACROSS THE NATION. HERE ARE THE MEDIAN HOME SALE PRICES OF THE COUNTRY'S 1O MOST EXPENSIVE METROPOLITAN AREAS. MEDIAN HOME PRICE (WITH % CHANGE YEAR-OVER-YEAR) HONOLULU +3.8% SAN JOSE +24.4% SAN FRANCISCO +28.9% ANAHEIM +11.7% NEWYORK / WHITE PLAINS +2.1% NEW YORK / LONG ISLAND +1.8% SAN DIEGO +14.7% NY / NASSAU-SUFFOLK +0.1% NY / NEWARK-UNION +1.7% BRIDGEPORT/ STAMFORD +2.1% $300,000 $400,000 $500,000 $600,000 SOURCE: REALTORORG

Giving Housing a Hand

shared by aleks on May 20
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One of the brief recent periods of respite for the housing market was the first quarter of 2010, when housing sales saw a significant uptick. But there was good reason for that: The Government's First...

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