A down to earth look at real estate issues in
Northern New Jersey with an environmental twist.
Thursday, September 22, 2011
Surprising Swing Up in Home Sales
Sales of previously owned homes came in 18.6 percent higher last month when compared to August 2010, according to data released Wednesday by the National Association of Realtors (NAR).
The latest numbers far surpassed market expectations. Many analysts were forecasting a decline while others were predicting a much more modest increase, with projections for the annual rate ranging between 4.61 million and 4.80 million.