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existing home sales, tax credit for first-time homebuyers
(Image from article: "December home sales down nearly 17 percent")

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Pending Home Sales Rise

A forecasting gauge of existing-home sales rose in December, suggesting the housing market is steadying after sharp swings caused by a government tax credit.

 

December home sales down nearly 17 percent

December home sales down nearly 17 percent

Sales of previously occupied homes took the largest monthly drop in more than 40 years last month, sinking more dramatically than expected after lawmakers gave buyers additional time to use a tax credit.

 

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