[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

State Department Releases 1st Batch of Clinton Emails (Available Online)

doggies

PowerCell Sweden to Supply Fuel Cell System for Low-Energy House in Gothenburg

Why The $5.7 Billion Dollar Fine On Big Banks Is Actually A Joke

Did you know that the oil companies are run by slaves of the democrat?

Knowing what we now know, would you say Jeb Bush is retarded?

Mom Agrees To Have 3-Year-Old Son Circumcised In Exchange For Release From Prison

Man Helps Boy Retrieve Ball. Don't Worry, The Police Are Investigating.

Jeb Bush: Rand Paul "Wrong" To Call PATRIOT Act Unconstitutional

Mexico weighs U.S. meat product sanctions after WTO ruling

Baltimore reaches 100 homicides for year with overnight shootings

Edward Snowden talks ethics of whistleblowing

Defending The Baby-Burning Stormtroopers of Habersham County

Sen. Paul Calls for "Open Rebellion" Against NSA Spy Program

Mitch McConnell, R-Ky, out rinos susan collins

Does anyone in politics in VT have anything betwen their ears?

Rand Paul's NSA Filibuster: His Notable Quotes

Bionic Lens could give you vision 3x better than 20/20

Whites moving to Detroit, city that epitomized white flight

Vatican appointee says gay sex can express Christ’s ‘self-gift’

School freaks out over boys baseball storage shed

Marco Rubio's Foreign Policy: Reckless, Reactionary Big-Gov Love

Sen. Rand Paul Ends Quasi-Filibuster of PATRIOT ACT Renewal

Feds Spent $100 Billion on Food Assistance Last Year

Islamic State seizes ancient Palmyra city from Syrian forces

Arrest warrant issued for suspect in quadruple murder at upscale DC home

23 U.S. Veterans Are About To Take The ISIS Problem Into Their Own Hands In An Epic Way

Joe Biden Says Bible Believing Christians Violate LGBT Rights By Simply Existing

The Hindu Shiva ‘Dance Of Destruction’ Filmed Inside CERN Collider

Ted Cruz AWOL on NSA and Rand Paul filibuster

Search Google Maps for the ‘N-word’, and it gives you the White House

Report: Elizabeth Warren Did Not Disclose $1.3 Million Credit Line From Bank Of America

How Popular Music’s Lyrics Perpetuate American Idiocy

Boy Scouts Banned From Water Pistol Fights Because They Involve “Simulated Firearms”

Cop Charged for Pointing Gun at Infant Grandchild “For the Purpose of Threatening and Intimidating”

Baby Dies After Police Detain Doctor Rushing to Hospital to Save the Child’s Life

Hilarious: Iowa Democrats Can’t Name a Single Granny Clinton Accomplishment

The Engineered Ignorance of Fox News

When a Christian Plots to Kill U.S. Muslims, Is He a Terrorist or Just a Communicator of Interstate Threats?

Evolution should be taught in schools

Islam's 'Reformation' Is Already Here - and It's Called 'ISIS'

Feds Exempt MRAPs from Prohibited Police Equipment Despite Admitting They’re “Militaristic in Nature”

Bachelor Nation: 70% of Men Aged 20-34 Are Not Married

Pity the Poor Stormtroopers: Baby Bou-Bou Ambushed Them

Bevin accepts victory, despite recanvass--Kentucky!

Political Correctness Debunked

More Countries Caught Manipulating Their Climate Data

Staff quit Clinton Foundation over Chelsea

Guy who shot at George Zimmerman recently in mental institution

EXCLUSIVE – 52 HOUSE REPUBLICANS TO IRS: INVESTIGATE HILLARY CLINTON FOUNDATION TAX STATUS


Status: Not Logged In; Sign In

Business
See other Business Articles

Title: Existing Home Sales Rise to a Near 2-Year High
Source: REUTERS
URL Source: http://www.foxbusiness.com/industri ... ales-rise-to-near-2-year-high/
Published: May 22, 2012
Author: REUTERS
Post Date: 2012-05-22 11:16:40 by Brian S
Keywords: None
Views: 127

U.S. home resales rose in April to their highest annual rate in nearly two years and a falloff in foreclosures pushed prices higher, hopeful signs about the pace of recovery in the still-struggling housing sector.

The National Association of Realtors said on Tuesday that existing home sales increased 3.4 percent to an annual rate of 4.62 million units last month, the highest since May 2010.

Nationwide, the median price for a home resale jumped to $177,400 in April, up 10.1 percent from a year earlier. That was the biggest year-over-year increase since January 2006.

Distressed sales accounted for 28 percent of resales, down from 29 percent in March. NAR economist Lawrence Yun said a drop in foreclosures fueled the decline in distressed sales, which in turn drove the increase in the median sales prices.

March's sales pace was revised marginally lower to 4.47 million units from the previously reported 4.48 million units. Economists polled by Reuters had expected sales at a 4.60 million-unit sales pace last month.

Inventories rose to 2.54 million, which Yun said was largely due to seasonal factors because many homes go on the market in the spring. Subscribe to *Obamanomics On Parade*

Post Comment   Private Reply   Ignore Thread  


[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com