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Real Estate & Property Law

: Housing Wire

Existing Home Sales Rise as Prices Plummet

By KELLY CURRAN

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Existing-home sales jumped 6.5 percent in December to a seasonally adjusted annualized rate of 4.74 million, led by a surge of sales in the West, the National Association of Realtors reported Monday. Lawrence Yun, NAR chief economist, said home prices continue to fall significantly. ?It appears some buyers are taking advantage of much lower home prices,? [...]

Full post as published by Housing Wire on January 26, 2009 (boomark / email).

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