Home Sales UP in February

Finally, some positive news on the economic front… According to the National Association of Realtors, existing home sales rose in February for the first time in six months. The downside is that the 2.9% increase in sales was accompanied by a continued fall in prices. In fact, the median price tumbled by the largest amount on record during February. For what it’s worth, experts are still predicting that the real estate market won’t bottom out until later this year.

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