Home Sales Balance

Hot off the press from the Wall Street Journal today…Home sales up as price get more realistic!

Existing-home sales climbed for the first time in seven months during February as buyers took advantage of sharply falling prices.

Home resales rose to a 5.03 million annual rate, a 2.9% increase from January’s unrevised 4.89 million annual pace, the National Association of Realtors said Monday. The last time sales increased was July.

Sales year over year were down 24% from February 2007.

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