Wednesday, December 23, 2009

US existing home sales in November

According to the US National Association of Realtors, existing-home sales were +7.4% in November to an annual rate of 6.5 million.

Most of the November sales reported by the Realtors are based on decisions buyers made in September or October, when many buyers were rushing to buy homes in time to qualify for a tax credit that was due to expire November 30 (but was later extended to April 2010.)

That is the highest figure in more than two years.

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Nick

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