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Archive Home > 2009 > July > 28 > Rise in new-home sales may signal real estate’s comeback

Rise in new-home sales may signal real estate’s comeback

Low interest rates, federal tax credit for first-time buyers drive increase

By Alan Zibel and Alex Veiga / The Bulletin
July 28, 2009

WASHINGTON — New-home sales rose last month at the fastest clip in more than eight years as buyers eagerly took advantage of bargain prices — a clear sign, economists said, that the real estate market may finally be bouncing back.

Historically low interest rates and a federal....

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