22
Feb
Home resales jump to 1-1/2 year-high
Home resales
home resales
The National Association of Realtors just reported that existing home sales increased 4.3 percent to an annual rate of 4.57 million units last month, the fastest pace since May 2010.
All four regions of the country experienced home resale gains in January. But, here in the Western region we experienced the largest gain in home resales with 8.8% increase! the sales figures were tempered somewhat by the large revision in the in the home resale numbers for December 2011. December’s sales data was revised down to show only a 4.38 million unit sales rate rather than the previously reported 4.61 million unit pace. Read more 