According to the National Association of Realtors, existing-home sales increased last month as home buyers responded to improved housing affordability conditions.
Existing home sales, which include single-family, town homes, condominiums and co-ops – rose 5.5 percent to a seasonally adjusted annual rate of 5.18 million units in September from a level of 4.91 million in August. By the way, that’s 1.4 percent higher than the 5.11 million-unit pace in September 2007.
Real Estate, it’s a good thing.