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Housing Market Busy in April

Many rushed to sign on the dotted line last month, as homebuyers in the Buffalo Niagara region scrambled to take advantage of federal tax credits on home purchases before they expired, reports Buffalo News Business Today. Pending home sales jumped to their highest level in at least 11 years as buyers rushed to sign contracts before the April 30 deadline for federal tax credits of as much as $8,000. The...

Paulson: House Prices Will Rise 3-5% This Year

Hedge-fund manager John Paulson, who made $15b shorting the real estate market, said today that he expects housing prices to rise between 3 and 5 percent this year and another 8 to 12 percent in 2011. Read more: CNBC
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