With homebuyers rushing to complete their purchases before a tax credit for
first-time owners expires, a report Friday is expected to show strong September
sales.
Home resales are expected to show an almost 5 percent increase to a seasonally
adjusted annual rate of 5.35 million, up from 5.1 million in August, according
to economists polled by Thomson Reuters. If the report meets forecasts it would
be the best month for home sales in more than two years.
Read the Entire Article