Prices And Sales Rate Still Moving Up
NAR Says Nationwide Sales Up 0.4% In Jan
The National Association of Realtors says that home sales nationwide were up 0.4% in January. Prices were also rising.
You can read about it in this article by Martin Crutsinger in the Pasadena Star News:
"The National Association of Realtors said Thursday that sales rose 0.4 percent in January compared with December to a seasonally adjusted annual rate of 4.92 million. That was the second-highest sales pace since November 2009, when a temporary home ..."
Builders More Active Nationwide
NAR also reports that inventory nationwide is 25% lower than last year. This is encouraging builders to become more active, and that's all around good news for the housing market.