"Existing home sales increased last month as buyers responded to improved housing affordability conditions, according to the National Association of REALTORS. Existing home sales...rose 5.5 percent to a seasonally adjusted annual rate of 5.18 million units in September from a level of 4.91 million in August, and are 1.4 percent higher than the 5.11 million unit pace in September 2007. Lawrence Yun, NAR chief economist, said more markets are seeing year-over-year gains. 'The sales turnaround that began in California several months ago is broadening now to Colorado, Kansas, Minnesota, Missouri and Rhode Island,' he said."
--"Existing Home Sales Rise on Improved Affordability," News release issued by the National Association of REALTORS, Oct. 24, 2008
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment