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Tax credit fuels surge in April home sales

Mon, 05/24/2010 - 15:22

A sold sign is posted outside a home April 27 in Mariemont, Ohio. Home prices rose in nearly 60 percent of U.S. cities in the first quarter of this year, thanks in part to a government tax credit.A now-expired homebuyer tax credit and low mortgage rates helped boost sales of previously occupied homes in April. The improvements aren't likely to last.


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