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Old 08-26-2009, 11:32 PM
 
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Record jump in existing home sales in July - Aug. 21, 2009


Sales of previously owned single-family homes were up 7.2% compared with June and 5% from July 2008, The National Association of Realtors (NAR) reported Friday. The monthly gain was the largest on record for existing-home sales, which NAR has tracked since 1999.
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Old 08-27-2009, 05:19 AM
 
1,156 posts, read 3,648,176 times
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Originally Posted by glenn_1000 View Post
Record jump in existing home sales in July - Aug. 21, 2009


Sales of previously owned single-family homes were up 7.2% compared with June and 5% from July 2008, The National Association of Realtors (NAR) reported Friday. The monthly gain was the largest on record for existing-home sales, which NAR has tracked since 1999.
From what percentage below peak prices?
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Old 08-27-2009, 07:29 AM
 
Location: most beautiful place ever
1,869 posts, read 3,914,519 times
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I personally take this as good news
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Old 08-27-2009, 08:05 AM
 
353 posts, read 984,055 times
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Originally Posted by RobE View Post
From what percentage below peak prices?
The percentage drop varies from state to state... and from town to town.

The fact that prices have corrected, interest rates are low, and people are confident enough to buy a house is GREAT NEWS...

People who highlight the negative in bad news irk me... a great line from John Stewart. "I won the lottery, DAMN... now I have to buy a wallet!"
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