QUEENS, NY-According to Miller Samuel Inc.'s data, there was a surge in the sales of homes in the Queens residential market in Q2 2010. There were 3,972 homes sold in Q2 2010, a rise of 86.6% when compared to that in Q2 2009.
This rise in sales attributed to the rush created by buyers to purchase homes before the expiration of the tax credit in April 30 and also the dip in mortgage rates. Sales of condominiums stood at 920 in Q2 2010. For the full story, go to Wall Street Journal.
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