Friday, February 12, 2010
Home prices rose in more than 40 % of U.S. cities in the fourth quarter of last year. That's a sharp development from the third quarter, when prices rose in only 20 percent of cities.
The government fueled the housing market last year by spending to lower mortgage rates and offers tax credits of up to $8,000 for first-time buyers. As a result, sales surged and prices stabilizing.
How long the housing rebound can maintain remains to be seen. There are concerns it will hesitate when the government's support ends this spring.
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by World House Info @ 2:52 AM
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