The recession has brought down prices, combine that with lower interest rates and a tax credit to new home buyers and voila.
Jobs and the housing market are key to an economic recovery. A piece of the puzzle is showing some signs of life.
Reuters: Pockets of strength push US housing market rebound
Sharply lower prices, record low mortgages interest rates, and the government's $8,000 tax credit for first-time home buyers have been the key to increasing home sales in California.
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