4/23/2010

Existing home sales rose nearly 7% last month, according to a report released Thursday by the National Association of Realtors. The jump was higher than expected, but fears remain that the rate won't be sustained once government home-buying incentives expire. Home prices may still have an additional 10% to 20% to fall, according to Dean Baker, co-director of the Center for Economic and Policy Research.

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TIME magazine

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