Disappointing New Home Sales in November May Be a Tax Credit Glitch

New homes sales unexpectedly plunged 11.3% in November to a seasonally adjusted annual rate of 355,000, the U.S. Commerce Department announced Wednesday. Demand tapered off as the popular federal first-time home buyer credit was originally set to expire at the end of the month. It was eventually, however, extended by Congress.

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Disappointing New Home Sales in November May Be a Tax Credit Glitch originally appeared on DailyFinance on Wed, 23 Dec 2009 12:30:00.

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Disappointing New Home Sales in November May Be a Tax Credit Glitch

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