Existing-Home Sales Rise Unexpectedly

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From DS News:



<http://dsnews.us1.list-manage.com/track/click?u=59816bad6939d5a7dd87e45a5&i
d=ca563dbd5f&e=ebe71b748c> Existing-Home Sales Rise Unexpectedly


Sales of previously owned homes got an unexpected boost last month while the
number of homes on the market continued to decline, according to data just
released by the National Association of Realtors. The trade group recorded a
1.4 percent month-over-month increase in existing-home sales in October. At
the same time, housing inventory fell 2.2 percent to 3.33 million existing
homes available for sale, which represents an 8.0-month supply. Distressed
homes made up 28 percent of October's transactions.

- sunil


<http://www.sunilsethi.com/>

SUNIL SETHI REAL ESTATE


Helping Families Find Homes with Great Schools.
<http://www.sunilsethi.com/index.htm> 2011 Reader's Choice Best of Fremont
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