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Stable and low Interest Rates Drive New Home Sales Higher

By Rick Adlam on Thursday, March 18, 2010

The U.S. Census Bureau and the Department of Housing and Urban Development announced that sales of new, single-family homes in March jumped 2.6 percent compared to February’s numbers.
Bob Walters, chief economist of Quicken Loans, says that a combination of unsold homes, currently at a 7.8-month supply, and favorable financing are driving new home purchases.
“Home buyers are [...]

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First home buyers double bonaza as Rudd spends surpluses

By Rick Adlam on Thursday, March 18, 2010

First time home buyers are suddenly given two choices to move to buy or build their first homes. First home buyers will be eligible for grants of up to $21,000 designed to stimulate housing activity in new home construction, construction loans and home finance generally.
The scheme will be time limited.
All new home contracts entered into by June 30 [...]

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