U.S. Under Secretary for Economic Affairs Rebecca Blank issued the following statement on the release of June 2009 U.S. residential sales by the U.S. Census Bureau. Sales of new one-family houses rose 11.0 percent in June, well above the rise of 2.3 percent expected by private-sector analysts. “The evidence is clear that home buyers are taking advantage of Recovery Act tax incentives, declines in home prices and relatively low mortgage rates,” Under Secretary Blank said. (More) (June Residential Sales Release)
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