They rose by 7.4% in November, according to figures from the National Association of Realtors.
For the seventh time in eight months, home resales in the U.S. have continued to rise in November. On the month, they rose by 7.4% to 6.54 million units, according to the National Association of Realtors (NAR).
This figure clearly indicates a rush of first time buyers who do not want to miss the opportunity that represents the tax credit system in place to encourage investment in real estate, said Lawrence Yun, chief economist for the NAR. The device, extended by the Obama team has already helped to boost the property sector.
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