DJIA 0.31% 26,683 dow jones industrials

existing us home sales jump 5 percent

  1. 4,040 Posts.
    Existing-home sales jump 5.5% to 13-month high


    WASHINGTON (MarketWatch) - Boosted by foreclosures and plunging prices, sales of pre-owned homes and condos rose sharply in September to the highest level in 13 months, an industry trade group reported Friday. Existing-home sales rose 5.5% to a seasonally adjusted annual rate of 5.18 million, the National Association of Realtors estimated Friday. Economists surveyed by MarketWatch expected sales to rise to a 5 million pace. It was the largest monthly percentage increase in five years. Sales of existing homes were 1.4% higher in September than they were a year earlier; it was the first year-on-year increase in nearly three years. The median sales price fell 9% in the past year to $191,600, the lowest since April 2004. Prices plunged 18.5% in the West region, driven by high levels of distressed sales.

    .
    .
    .
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.