NAR: Home prices are firming

Real Estate News Blog Headline

Buyers hesitate and existing-home sales slip in October

According to the NATIONAL ASSOCIATION OF REALTORS®Down some potential buyers hesitated because of economic concerns and existing-home sales declined in October (after a strong gain in September). Sales, including single-family, townhomes, condominiums and co-ops, fell 3.1% to a seasonally adjusted annual rate of 4.98 million units from a downwardly revised 5.14 million in September. Sales and are 1.6 percent below the 5.06 million-unit level in October 2007. However, single-family home sales are unchanged from a 4.43 million-unit in October 2007.

Posted: November 24, 2008

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