Existing-home sales drop as more foreclosures hit the market

03/24/2010 | Washington Post, The

The impact of a first-time home buyer's tax credit appears to be waning as existing-home sales fell for a third straight month in February. Sales levels are down 23% since November when the $8,000 tax credit was originally scheduled to expire. Last month's 9.5% increase was attributed in part to decisions by lenders to put more foreclosed properties on the market.

View Full Article in:

Washington Post, The

Published in Brief: