Home sales see March surge

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Existing home sales in March jumped almost 7 percent over February, according to the National Association of Realtors, and were up 16 percent over the same month a year earlier. Diana Olick of MSNBC said some experts are attributing the uptick in activity to the soon-to-expire homebuyer tax credit, with 44 percent of the sales being attributed to first-time buyers.

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