Home Sales, First-time Homebuyers | featured news

(Image from article: "Home sales rise to highest level in 2.5 years")

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Investors fueled rise in home sales, paying cash for cheap homes; 1st-time buyers stayed away

Investors drove up U.S. home sales last month, plunking down cash to grab cheap homes at risk of foreclosure. But first-time homebuyers, who are crucial to a housing recovery, stayed away.

Credit Helps to Lift U.S. Home Sales

The number of homes with tentative buyers reached its highest level in three years in October, as Americans took advantage of a credit for first-time homeowners.

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Home sales rise to highest level in 2.5 years

Home sales far exceeded expectations last month, surging to the highest level in two and a half years as first-time buyers rushed to take advantage of an expiring tax credit.

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