First Year Over Year Rise In Existing Home Sales Since November 2005


A strong July Existing Home Sales report from the National Association of Realtors is propelling the market this morning.  Existing home sales rose to a 5.24 million annualized rate from 4.99 million in July 2008 – the first year over year increase since 2005.  This is another piece of evidence supporting a bottom in the low end of the housing market.

The report was released at 10am EST…..


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