The Speed of Trust,
Getting to Yes,
All Real Estate is Local,
Negotiation,
Clear Blogging,
The highest level in more than 2-1/2 years
The National Association of Realtors reported that existing home sales rose 10.1% last month to a seasonally adjusted annual rate of 6.1 million units.
A few bullet points from yesterday’s CNNMoney.com article:
- Sales activity is the highest since February 2007.
- The gain is from buyers looking to take advantage of an $8,000 tax credit.
- December and early 2010 will probably see a measurable decline before another surge in spring and early summer.
- The median price of U.S. homes sold in October was $173,100, a 7.1% year-over-year drop.
- Distressed properties comprised 30% of the houses sold during the month.
(full article here)
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