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October Existing Home Sales Show Large Gains
Last Post 11-27-2009 03:50 PM by VR SAM. 0 Replies.
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VR SAM
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| 11-27-2009 03:50 PM |
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Daily Real Estate News | November 23, 2009 |
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Existing-Home Sales Record Big Gains
Driven by the home buyer tax credit, existing-home sales showed another big gain in October with a strong uptrend established over the past seven months, according to the NATIONAL ASSOCIATION OF REALTORS®. At the same time, inventories have continued to decline.
Existing-home sales—including single-family, townhomes, condominiums and co-ops—surged 10.1 percent to a seasonally adjusted annual rate of 6.10 million units in October from a downwardly revised pace of 5.54 million in September, and are 23.5 percent above the 4.94 million-unit level in October 2008. Sales activity is at the highest pace since February 2007 when it hit 6.55 million.
Reproduced with permission of the National Association of Realtors
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Joe Gladden, (Captain, USN, retired), Realtor
homesformilitary@vrsam.com
O: 703 754-3036 C: 703 585-3305
http://www.vrsam.com
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| Tags: October Home Sales Up |
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