You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

February home sales rise (5.1% over Jan) as prices sink [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Topic Forums » Economy Donate to DU
JohnWxy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 10:06 AM
Original message
February home sales rise (5.1% over Jan) as prices sink
Advertisements [?]
Edited on Tue Mar-24-09 10:10 AM by JohnWxy

The National Association of Realtors said Monday that sales of existing homes grew 5.1 percent to an annual rate of 4.72 million last month, from 4.49 million units in January.

Sales rose in February to a seasonally adjusted annual rate of 4.72 million units from a pace of 4.49 million units in January, but they are still 4.6% below the 4.95 million-unit level in February 2008.

"It was nice to see," says Joel Naroff, with Naroff Economic Advisors. "February and December were similar (in showing an increase). If there is another similar increase in March, I will think prices may be stabilizing. Sales have pretty much hit bottom."

Printer Friendly | Permalink |  | Top

Home » Discuss » Topic Forums » Economy Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC