Wednesday, December 21, 2011

Existing Home Sales Continue to Climb

Sales of existing homes continued to rise in November, according to the National Association of Realtors®.
The latest monthly data shows total existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, increased 4.0 percent to a seasonally adjusted annual rate of 4.42 million in November from 4.25 million in October, and are 12.2 percent above the 3.94 million-unit pace in November 2010.
It's a buyer's market, with a lot of inventory and low interest rates, and those who can are taking advantage of it.