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March 21, 2012 by changescapeweb Leave a Comment

Existing Home Sales Rise Again in January

Existing-home sales rose in January, marking three gains in the past four months, while inventories continued to improve, according to the National Association of Realtors®.

Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 4.3 percent to a seasonally adjusted annual rate of 4.57 million in January from a downwardly revised 4.38 million-unit pace in December and are 0.7 percent above a spike to 4.54 million in January 2011.

Lawrence Yun, NAR chief economist, said strong gains in contract activity in recent months show buyers are responding to very favorable market conditions. “The uptrend in home sales is in line with all of the underlying fundamentals – pent-up household formation, record-low mortgage interest rates, bargain home prices, sustained job creation and rising rents.”

The busy Spring real estate season is here!  This is the time of year for buying and selling real estate.  There are large numbers of homes at below-market prices & the Interest rates are hovering below 4% !!  The home sale numbers have been increasing every month since June.  It is never too early to start getting your home for Spring also.  Contact me for details today!

Filed Under: Consumer Behavior, Home Sales Tagged With: Home Sales

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Contact Sandra

Cell: 314-691-1320
Office: 636-946-2020
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Berkshire Hathaway HomeServices Alliance Real Estate, St. Charles
2171 Bluestone Dr.
St. Charles, MO 63303

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