Existing-home sales rose again in September, affirming that a sales recovery has begun, according to the National Association of Realtors (NAR). Existing-home sales, defined as completed transactions that include single-family, town homes, condominiums and co-ops, jumped 10 percent to a seasonally adjusted annual rate of 4.53 million in September from a downwardly revised 4.12 million in August, but remain 19.1 percent below the 5.60 million-unit pace in September 2009 when first-time homebuyers were ramping up in advance of the initial deadline for the tax credit last November.Click to continue
↧