Friday, March 2, 2007

Home Sales Rebound in Jannuary

Home sales rebounded in January, reaching the highest level in seven months, the National Association of Realtors said Tuesday.

The warm winter weather helped boost sales, which rose 3%. And single-family homes showed the biggest sales increase, rising 3.5%. But existing condominiums and cooperative housing sales slipped 0.1%. Those sales are stagnant because many more condos and co-ops are available, the NAR says.

Read the Rest at Builders Online

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