February U.S. Home Sales Climb 4.7% in February, 2009

Home sales rose in February 4.7 percent to a 337,000 homes per year pace. The good news pretty much stops there though.

Housing prices dropped 18.1 percent as the homes that are selling are doing so at a deep discount, very often foreclosures and short sales. The numbers were also the 2nd worst since records have been kept.

But, in this real estate market we will take whatever good news we can find, right?

The Commerce Department said sales rose 4.7 percent to a 337,000 annual pace, the fastest increase since April last year, from an upwardly revised 322,000 in January. Despite the increase, February sales were the second lowest ever after the drop in January to the slowest pace in records going back to 1963, the department said. via Reuters.

Related posts:
  1. Housing Starts Down 54.2 Percent For April, 2009
  2. New Home Sales Drop 11.2 Percent In January
  3. Weather and Economy Hurt New Home Construction in February
  4. NAR 1st Quarter 2009 Numbers Sobering But There Are Silver Linings In Them
  5. NAR 1st Quarter 2009 Numbers Sobering But There Are Silver Linings In Them

« « HOPE for Homeowners Saves 1 Home – 1 Home???| The Dominatrix and the Politician Mortgage Fraud Ring » »

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  1. Its the best time to buy in over 50 years. Dont miss out!

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