Positive News On Real Estate » Home Sales Jump 2nd Month http://www.positiveonrealestate.com Positive Real Estate News Thu, 09 Feb 2012 15:34:35 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Home Sales Jump 2nd Month http://www.positiveonrealestate.com/pr/533 http://www.positiveonrealestate.com/pr/533#comments Mon, 23 Nov 2009 19:10:36 +0000 admin http://www.positiveonrealestate.com/?p=533 Home sales surged for the second month in a row in October, climbing to the highest level in 2½ years as first-time buyers rushed to take advantage of an expiring tax credit.

Home sales nationwide are now up nearly 37% from their bottom in January, data Monday showed, though they are still 16% below the peak in autumn 2005. At the current sales pace, there is only a 7-month supply of homes on the market and in some areas there are bidding wars.

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