According to CNN.com, new home sales jumped in March at the fastest single-month rate in 47 years!

It seems buyers are busy making purchases ahead of the tax credit that’s set to expire.

New-home sales rose 26.9% to a seasonally adjusted annual rate of 411,000 last month, compared to an upwardly revised annual rate of 324,000 in February, the Census Bureau said. The increase ended a four-month streak of declines.

The March sales were the strongest since last July, and the percentage gain was the biggest on a month-over-month basis since a 31% gain in March 1963.  The increase was seen in every region of the U.S.; with the South leading the way with a 43.5% increase.    

Keep an eye out for the Coldwell Banker Buyer Bonus set to start at the beginning of May.