Washington, August 21, 2009
According to the National Association of Realtors®, for the first time in five years, existing-home sales have increased for four months in a row, and the monthly increase is the largest in years.
Lawrence Yun, NAR chief economist, said he is encouraged. “The housing market has decisively turned for the better. A combination of first-time buyers taking advantage of the housing stimulus tax credit and greatly improved affordability conditions are contributing to higher sales,” he said.
Read the entire release here.
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