Existing Home Sales Improve in July!

Re-Post from "Weichert Wire" - Sales Team Newsletter August 26th, 2009 The real estate uptrend continues as the National Association of Realtors (NAR) announced late last week that existing-home sales rose 7.2 percent in July. This marks the first time in five years that existing-home sales have increased for four months in a row, and is the largest monthly gain on record. In addition to the month-over-month increase, existing-home sales were 5 percent higher than in July 2008. The last time sales were higher than a year earlier was November 2005.