Sales of new homes increased 9.6% for the second straight month, this is the fastest pace since the financial crisis intensified last fall. Inventory levels have declined to their lowest level since the early 1990s, the Homebuyer Tax Credit has provided a much needed lift in the new home sales and existing home sales markets. The Tax Credit will expire on December 1st 2009, but it is hoped the momentum of home sales will continue beyond that date.
