HOME SALES RISE AGAIN
This from Fox Business News:
Existing-home sales, the most closely watched segment of the struggling housing market, rose unexpectedly in December an industry trade group said Monday.
According to the Association, the number of contracts signed for a single family home rose by 6.5% in December to a 4.74 million annual rate.
“It appears some buyers are taking advantage of much lower home prices,” said Lawrence Yun, the chief economist for the National Association of Realtors
The increase from a month ago was much better than what economists predicted. According to Thomson Reuters, Wall Street was looking for home sales to decline to a 4.4 million annual rate.
Tyler Texas Real Estate, John C. Martin, is ready to help you get yours!
Existing-home sales, the most closely watched segment of the struggling housing market, rose unexpectedly in December an industry trade group said Monday.
According to the Association, the number of contracts signed for a single family home rose by 6.5% in December to a 4.74 million annual rate.
“It appears some buyers are taking advantage of much lower home prices,” said Lawrence Yun, the chief economist for the National Association of Realtors
The increase from a month ago was much better than what economists predicted. According to Thomson Reuters, Wall Street was looking for home sales to decline to a 4.4 million annual rate.
Tyler Texas Real Estate, John C. Martin, is ready to help you get yours!
posted by John and Flo Martin at 2:42 AM
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