Eau Claire Wisconsin Real Estate with Agent and Realtor® Shane O'Gorman

BREAKING NEWS: Existing home sales rise 5.5 percent, largest amount in more than five years

Well contrary to popular belief lately that the media only portrays things in a negative way here is a positive story. While I do believe that media follows the rule “if it bleeds it leads.” I don't think this is always the case. Case in point:

Existing home sales see largest gain in years

September number possible glimmer of hope housing bottoming out

WASHINGTON - A real estate trade group says sales of existing homes rose by the largest amount in more than five years in September. The data is a possible glimmer of hope that the housing slump could be starting to bottom out.

The National Association of Realtors said Friday that sales of existing homes rose by 5.5 percent in September compared to August, the best showing since a 5.6 percent increase in July 2003, during the five-year housing boom.

Even with the gain in sales, prices kept falling. The median sales price has dropped to $191,600, down by 9 percent from a year ago.

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