Home Prices Tumble, Resales Rise
Tuesday, February 03, 2009
NEWS ALERT
from The Wall Street Journal
Jan. 26, 2009
Home buyers took advantage of discounted prices in distressed housing markets
in December, leading existing-home sales to rise.
The median home price was $175,400 in December, down 15.3% from $207,000 in
December 2007, the National Association of Realtors said Monday. The median
price in November this year was $180,300.
Home resales rose to a 4.74 million annual rate, a 6.5% increase from
November's revised 4.45 million annual pace. Of all sales in December, about
45% were distress sales at discounted prices.
from The Wall Street Journal
Jan. 26, 2009
Home buyers took advantage of discounted prices in distressed housing markets
in December, leading existing-home sales to rise.
The median home price was $175,400 in December, down 15.3% from $207,000 in
December 2007, the National Association of Realtors said Monday. The median
price in November this year was $180,300.
Home resales rose to a 4.74 million annual rate, a 6.5% increase from
November's revised 4.45 million annual pace. Of all sales in December, about
45% were distress sales at discounted prices.
