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.
My wife has actually decided to study for and get her real eatate licence just so we dont ever have ...
I like your analogy in this article. The real estate economy really is like a patient who you cannot ...
Real Estate is hyper-local. Every market is different. Phoenix has already hit bottom and is starting to recover. We have ...
Great to hear that the big boys
are predicting recovery sooner than
most think.
Thanks for the value! 
I agree--good analogy. You have to crawl before you can walk. Right now, at least in Austin, many people would ...
I live in the Philippines and I am glad we are not on the lists... 
I have a few Litograghs of Presidents homes , made by Richard V. Sebring. yr. 1990 Do they have any ...
I see the question I have, but no response. I do not have a for sale sign up ...
Comment by Mark on 7 April 2009:
Its the best time to buy in over 50 years. Dont miss out!