Wednesday, September 16, 2009

National Real Estate Industry Update

Economic indicators including industrial production and manufacturing activity are turning positive, and the housing market is slowly improving. For the first time in five years, existing-home sales have increased for four months in a row, according to the latest survey by the National Association of Realtors®. July sales rose 7.2 percent over the previous month, and, in fact, increased 5 percent over July 2008 sales: The first monthly year-over-year increase since November 2005.


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