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Home sales up, but housing prices continue to fall nationwide

Posted on 23 November 2011

Stan HumphriesOctober home sales rose a weak 1.4 percent, according to the latest survey by the National Association of Realtors. That adds up to a seasonally adjusted rate of 4.97 million existing home sales, far below the 6 million level that experts say forms the basis of a healthy housing market.
The good news is that the number of existing home sales is up slightly over last year, but 2010 was the worst in 13 years for home sales. Worse, home prices haven’t really be increasing. In fact, the latest numbers, courtesy of Zillow, suggest that while we haven’t hit our lowest point yet, we may be on our way………………………………………..Full Article: Source


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