Existing Home Sales Up Across the Country in November

The National Association of Realtors today released Existing Home Sales data for November 2010 HERE is the methodology for the data collection Excerpts from the release... Existing-home sales got back on an upward path in November, resuming a growth trend since bottoming in July, according to the National Association of Realtors®. Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 5.6 percent to a seasonally adjusted annual rate of 4.68 million in November from 4.43 million in October, but are 27.9 percent below the cyclical peak of 6.49 million in November 2009, which was the initial deadline for the first-time buyer tax credit. Single-family home sales rose 6.7 percent to a seasonally adjusted annual rate of 4.15...(read more)

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Source: http://www.mortgagenewsdaily.com/12222010_november_existing_home_sales.asp

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