Housing Perspective: February Existing Home Sales

If you bought a house in February, it’s a 50/50 bet you picked up a foreclosure. The National Association of Realtors released data this morning indicating almost half of all transactions last month involved a bank owned home. Sales jumped 5.1% from January, to an annualized rate of 4.72 million. Prices, however, continued to decline [...]

March 23, 2009 | Comments »