id=84fbb1f20b&e=ebe71b748c> Existing-Home Sales Jump Nearly 19% From Last
Sales of previously owned homes came in 18.6 percent higher last month when
compared to August 2010, according to data just released by the National
Association of Realtors. Completed transactions rose 7.7 percent on a
month-over-month basis to a seasonally adjusted annual rate of 5.03 million.
The latest numbers far surpassed market expectations. Many analysts were
forecasting a decline while others were predicting a much more modest
increase, with projections for the annual rate ranging between 4.61 million
and 4.80 million.
SUNIL SETHI REAL ESTATE
Helping Families Find Homes with Great Schools.
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