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Existing home sales see largest gain in years

Existing home sales see largest gain in years

by Brian Petrelli 24. October 2008 09:18

From MSNBC and the AP (If they're reporting good news, either hell froze over and there realy is good news to report):

Existing home sales see largest gain in years:

WASHINGTON - Sales of existing homes rose by the largest amount in more than five years in September, a real estate trade group said Friday. The data is a possible glimmer of hope that the housing slump could be starting to bottom out.

The National Association of Realtors said Friday that sales of existing homes rose by 5.5 percent in September compared to August, the best showing since a 5.6 percent increase in July 2003, during the five-year housing boom.

This mirrors what we've been seeing n the Denver market.

 

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