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Sales of existing home sales increased in February, a gain real estate industry observers are hoping signals a rebound on the horizon for the nation’s struggling housing market.

Existing-home sales, including single-family houses, townhomes and condominiums, rose 2.9 percent in February to a seasonally adjusted annual rate of 5.03 units, the National Association of Realtors (NAR) said Monday. That was up from 4.89 units in January but down almost 24 percent from the February 2007 level of 6.6 million units.
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Tags: home sales, Real Estate News

This entry was posted on Monday, March 24th, 2008 at 8:19 pm and is filed under Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.