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Old 01-20-2011, 11:22 PM
 
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My Way News - Home sales hit 13-year low; slow recovery ahead

The National Association of Realtors reported Thursday that sales dropped 4.8 percent to 4.91 million units in 2010. That was slightly fewer than in 2008, which had been the weakest year since 1997.

The poor year for sales did end on a stronger note. Buyers snapped up homes at a seasonally adjusted annual rate of 5.28 million units in December, the best sales pace since May and the 12.8 percent rise from November was the biggest one-month surge in 11 years.
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Old 01-21-2011, 10:16 AM
 
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The home sales picking up late in the year is good but it doesn't necessarily mean the homes aren't selling for alot less. Maybe stubborn sellers are finally coming to the realization that they must drop their prices to sell.
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