Saturday, April 29, 2006

Existing Home Sales

The National Association of Realtors (NAR) released their data for Existing Home Sales in March. NAR reported:

Sales of existing homes edged up in March following a strong rebound in February, according to the National Association of Realtors®.

Total existing-home sales – including single-family, townhomes, condominiums and co-ops – rose 0.3 percent to a seasonally adjusted annual rate1 of 6.92 million units in March from a pace of 6.90 million in February, but were 0.7 percent below a 6.97 million-unit level in March 2005.

David Lereah, NAR’s chief economist, said sales are leveling out. “It’s a good sign to see home sales holding close to the level of a strong rebound in the month before,” he said. “This is additional evidence that we’re experiencing a soft landing. We may see some minor slowing in home sales as interest rates rise, but the market clearly is stabilizing.” Lereah expects 2006 to be the third strongest year on record for home sales.”


  1. Anonymous7:05 AM

    Very informative blog. I found everything I needed here. I also have some good resources . Great content!

  2. Anonymous3:44 AM

    Looks nice! Awesome content. Good job guys.

  3. Anonymous3:55 AM

    Great site lots of usefull infomation here.

  4. Hi Blogger, I found your blog quite informative.
    I just came across your blog and wanted to
    drop you a note telling you how impressed I was with it.
    I give you my best wishes for your future endeavors.
    If you have a moment, please visit my wicker cat beds site.
    Have a great week!