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Delta Media Group Blog

Friday, August 21, 2009

Existing homes selling at record pace

The National Association of REALTORS reported this morning that existing homes are selling at a record pace.

Existing-home sales increased 7.2 percent in July compared with June, and were up 5 percent compared with July of 2008. That marks the largest recorded monthly gain in existing-home sales since NAR began tracking the numbers in 1999.

The sales jump exceeded analysts' forecasts of 5 million sales, sending the annualized rate to 5.24 million properties this year.

Check out CNNMoney's full story for more details, or contact Delta Media Group to see how you can better capitalize on the recovering housing market.
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