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population shifts: Home Sales Rise, Housing Recovery in Sight - 12/29/11 02:34 PM
The number of Americans who bought previously occupied homes rose last month. But the National Association of Realtors says it overstated about 3.5 million sales during and after the Great Recession, showing the housing market remains much weaker than previously thought.
 
The private trade group says sales rose 4 percent last month to a seasonally adjusted annual rate of 4.42 million. That's below the roughly 6 million sales a year that economists say are consistent with a healthy housing market. But it's ahead of 2008's revised sales, now considered the worst in 13 years.
The nearly 4.2 million homes sold last year … (0 comments)

 
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Ira Freireich, Excl Buyer Agent

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