No surprise: March home sales up 6.8%

Posted: 22 Apr 2010 07:36 AM PDT (

Thanks in part to the impending end of the $8,000 home buyer tax credit (not to mention the overall economic recovery), home sales jumped almost 7% in the country, according to NAR and this article from the Washington Post.

clip_image002Home sales rose more than expected in March, reversing three months of declines, as government incentives drew in buyers and kicked off what’s expected to be a strong spring selling season.

The National Association of Realtors says sales of previously occupied homes rose 6.8 percent to a seasonally adjusted annual rate of 5.35 million last month, the highest level since December. February’s sales figures were revised downward slightly to 5.01 million.

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