Economics: An Update
By Ton A. Ali, Realtor - Broker ABR, Eco Broker Certified
(CORNERSTONE GROUP REALTORS)
This information come to me from my friend and experienced loan officer, Kelly Burn-Lee of Home Services Lending, a division of Wells Fargo Mortgage. Kelly and I worked together when I was at Semonin. She is knowledgeable and experienced. This information is comes from here weekly e-newsletter and you can reach her at email@example.com. The laws of economics really do hold. Sales of existing homes rose to a 5.03 million annual rate in February, an unexpected 2.9% increase from January's revised 4.89 million annual rate, according to the National Association of Realtors last Monday. The news flew over the heads of the putative experts, who were calling for a drop to 4.85 million. So why do the laws of economics hold? Increased sales are being spurred by lower prices. The media...