WSJ NEWS ALERT: Home Resales Jump Ahead of Tax-Credit Expiration

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U.S. existing-home sales climbed 7.6% during April from the previous month, as buyers took advantage of the Obama administration’s home-buyer tax credit.

March sales were upwardly revised and prices were up 4% from a year ago. But the tax credit ran out at the end of April, leaving behind fear that the housing market will falter without the government support.

http://online.wsj.com/article/SB10001424052748704113504575264272784586514.html?mod=djemalertNEWS

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