Thursday Mar 27, 2008

Increase in Existing Home Sales Surprises Economists

The latest report from the National Association of Realtors (NAR) revealed that February home sales for existing properties rose from the previous month by 2.9% countrywide. The slight jump was a surprise to economists who believed February’s national home sales volume would decrease from January’s numbers. In Chicago, median condo sale prices were up 10% from February of 2007.

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