10-30 U.S. Existing Home Sales Rose 10% to 4.53 Million Rate :: The Construction Management Pro

10-30 U.S. Existing Home Sales Rose 10% to 4.53 Million Rate

By Bob Willis – Oct 25, 2010

Sales of U.S. existing homes rose in September by the most on record, a sign cheaper borrowing costs are helping stabilize an industry that’s battling the headwinds of foreclosures and joblessness.

Purchases increased 10 percent to a 4.53 million annual rate from 4.12 million in August, the National Association of Realtors said today in Washington. Economists forecast sales would rise to a 4.3 million pace, according to the median projection in a Bloomberg News survey. The median price fell 2.4 percent from a year earlier.

The lowest mortgage rates on record and cheaper homes… Read more

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2 Responses to “10-30 U.S. Existing Home Sales Rose 10% to 4.53 Million Rate”

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