Existing home sales spike
April 6th, 2010
Written by Frost Mortgage
Categories: Economy, First-Time Homebuyer, Homebuying, Mortgage News
The Albuquerque Journal reports today that sales of existing homes rose “sharply” both in our home base of New Mexico and across the country (subscription required). The National Association of Realtors index rose by 8.2 percent; it had been expected to decline slightly. The measurement often points to a trend, since a signed sales agreement can trail a final deal by one to two months.
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