U.S. existing home sales rise more than expected, inventory tighter

The early bird(s) get the worm….
Don’t wait until the spring to start shopping for a home if you’re considering a move 😉

Renae Walker ~ Realtor

From MSN Money

U.S. home resales rose more than expected in September to the second highest monthly sales pace since February 2007, suggesting the housing market continues to show strength compared to the rest of the economy.

The National Association of Realtors said on Thursday existing home sales increased 4.7 percent to an annual rate of 5.55 million units.

August’s sales pace was revised slightly lower to 5.30 million units from the previously reported 5.31 million units.

Economists polled by Reuters had forecast home resales rising to a 5.38 million-unit pace last month. Sales were up 8.8 percent from a year ago.

Sales increased in all four regions of the United States and inventory continued to tighten. Unsold inventory was down to a 4.8-month supply at the current sales pace, down from 5.1 months in August and 5.4 months a year ago.

“As we enter more softer demand months, we…

View original post 120 more words

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