Homebuyer tax credit

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Glimmer of Hope in CoreLogic Home Price Index

Jun 03, 2011By

With much of the recent housing data pointing to double dip in housing prices, the April Home Price Index (HPI) from CoreLogic showed the first month-over-month increase since mid-2010.   The 0.7 percent increase between March and April was the first increase since the homebuyer tax credits expired in 2010.  However, although the index registered the increase, national home prices, including distressed sales, declined by 7.5 percent in April when compared to the same month in 2010.  Excluding distressed sales, the decrease was only 0.5 percent. "While the economic recovery is still fragile and one data point is not

3d rendering of a row of luxury townhouses along a street

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