Good news for real estate - Market Trends in North Idaho: Sandpoint Real Estate Blog
By Gary Lirette, Business & Investing in the Inland Northwest
Existing-Home Sales Resume Uptrend with Stable Prices - This article was published by the National Association of REALTORS® ON December 22, 2010 Existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 5.6 percent to a seasonally adjusted annual rate of 4.68 million in November from 4.43 million in October, but are 27.9 percent below the cyclical peak of 6.49 million in November 2009, which was the initial deadline for the first-time buyer tax credit. Lawrence Yun, NAR chief economist, is hopeful for 2011. "Continuing gains in home sales are encouraging, and the positive impact of steady job creation will more than trump some negative impact from a modest rise in mortgage interest rates, which remain historically favorab...
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