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Tracy King's Blog

Good News from DSNews

DS stands for Default Servicing, so if this publication is talking about sales going up, this is real news!

Sales of previously owned homes came in 18.6 percent higher last month when compared to August 2010, according to data just released by the National Association of Realtors. Completed transactions rose 7.7 percent on a month-over-month basis to a seasonally adjusted annual rate of 5.03 million. The latest numbers far surpassed market expectations. Many analysts were forecasting a decline while others were predicting a much more modest increase, with projections for the annual rate ranging between 4.61 million and 4.80 million.

Posted via email from Tracy's LA Real Estate

California Median Price Hits 2011 High
Just Sold! 2611 Oneida Street, Pasadena

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