Sales of existing homes surged 6.8 percent in March, more than expected
WASHINGTON - Home sales rose more than expected in March, reversing three months of declines, as government incentives drew in buyers and kicked off what's expected to be a strong spring selling season.
The National Association of Realtors says sales of previously occupied homes rose 6.8 percent to a seasonally adjusted annual rate of 5.35 million last month, the highest level since December. February's sales figures were revised downward slightly to 5.01 million.
Sales had been expected to rise about 5.2 percent to 5.28 million, according to economists surveyed by Thomson Reuters.
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5 comments:
Lets celebrate "short sales" not in my world. Pick up your crumbs little realtors, pick up your crumbs.
who cares if they are short sales. Many of the buyers are young couples or people buying there first home at a value that is fair. All dummies who bought mediocre homes at exorbitant prices during the bubble deserve to lose their home. Thats capitalism!
Well said 11:33, the government started this financial nightmare with the housing mess now they want credit for sales improvement "more entitlements" screw the liberals they own this problem
10:34 Realtors get paid whether its a short sale, long sale or medium sale. I'd love to get some their crumbs ...
It's bull crap the economy is getting worse !
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