Home Prices Rise During Obama Tax Credit

According to National Association of Realtors data, home prices rose in nearly two-thirds of US cities this spring. The median sales price for US homes rose compared year-over-year in 100 out of 155 metropolitan areas tracked in April through June, which can be attributed to the tax incentives laid out by the Obama administration, which boosted home sales throughout its active period. However, the increased activity faded once the credits expired at the end of April, and home sales dropped in June — and prices are expected to follow suit. To read this entire Boston Globe article, click here.