Around the Web: Existing-home sales jump
Existing-home sales increased 9.4% in September, according to the latest tally from the National Association of Realtors.
As this article in the Washington Post reports, the increase in sales is in part a result of the soon-to-expire $8,000 tax credit.
"Much of the momentum is from people responding to the first-time buyer tax credit, which is freeing many sellers to make a trade and buy another home," said Lawrence Yun, the NAR's chief economist.