Monday, March 23, 2009

February existing home sales rise by 5.1 percent

PMZ Real Estate Agent Michelle Zeiter, left, walks into a bank owned home she isMarch 23, 2009
By ALAN ZIBEL, AP Real Estate Writer

WASHINGTON – Sales of previously occupied homes jumped unexpectedly in February by the largest amount in nearly six years as first-time buyers took advantage of deep discounts on foreclosures and other distressed properties.

Economists said sales, while still at levels not seen since 1997, may finally be coming back to life after declining sharply following the stock market plunge last autumn.

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1 comment:

deirdre g said...

Can't find the full story about this homes sale rise up by 5.1 percent.

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