Housing Sales Slump After Tax Credit Expires
Housing Sales Slump After Tax Credit Expires
Even as mortgage rates hit record lows, the housing market struggles to recover after the expiration of the first-time buyers’ tax credit. New numbers show the rate of existing home sales fell in June, down 5.1 percent from May. Experts say the market has to recover on its own — without anymore tax credits.
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Tags: after, credit, Existing Home Sales, Expires, first-time buyers, housing, housing market, Housing Sales, mortgage rates, New Numbers, Record Lows, sales, Sales Tax, Slump, Tax Credit, Tax Credits
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