Home Sales at Its Highest Rate in Two Years

January saw the highest number of home sales in the U.S. since May of 2010.

Sales were up 4.3% from December. 23% of homes purchase were purchase by investors, and 31% of all sales were cash, meaning that no mortgage was obtained.

Having investors to clear out the distressed inventory helps to stabilize the real estate market.

For the full article from Bloomberg, please see Sales of Previously Owned Homes Increase.    

Originally published at Home Sales at Its Highest Rate in Two Years.