NAR: Home prices are firming

Real Estate News Blog Headline

Existing home sales jump unexpectedly

Good news! There is new evidence that the housing market is improving. Today, the National Association of Realtors (NAR) reported that existing-home sales posted an unexpected increase in December as buyers responded to improved affordability.

According to NAR, sales of existing homes increased 6.5 percent in December compared to November. In addition, the inventory of unsold homes fell nearly 12 percent to a 9.3-month supply, another encouraging sign.

Posted: January 27, 2009

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