SEPTEMBER FIGURES

This from the Associated Press, as reported in Yahoo! Finance:

"The Commerce Department reported Thursday that sales of new homes rose by 4.8 percent last month to a seasonally adjusted annual rate of 770,000 units. Economists had looked for a 2.5 percent decline."

Although foreclosures are expected to increase over the next year, it looks as if the pent-up demand for housing is overcoming the fraudulent mortgage woes. We're still busy at Tyler Texas real estate!