December Existing-Home Sales Jump

Existing-home sales rose 12.3% in December, when sales increased for the 5th time in the past 6 months, according to the National Association of REALTORS®.   Lawrence Yun, NAR chief economist, said sales are on an uptrend. “December was a good finish to 2010, when sales fluctuate more than normal. The pattern over the past six months is clearly showing a recovery,” he said. “The December pace is near the volume we’re expecting for 2011, so the market is getting much closer to an adequate, sustainable level. The recovery will likely continue as job growth gains momentum and rising rents encourage more renters into ownership while exceptional affordability conditions remain.”  Read article:
http://www.realtor.org/RMODaily.nsf/pages/News2011012001

Check out our Featured Properties of metro Denver houses for sale.

 

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About dherries
Dave and Sally Herries and The RealtyColorado Team - Real Estate Broker serving the metro-Denver area. Offering properties in urban, sub-urban and rural areas. Our mission statement is "Enriching lives through real estate."

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