Friday, Dec 09, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Real Estate

U.S. home sales jump to highest since May 2010

WASHINGTON — U.S. sales of previously occupied homes jumped in August to the highest level in more than two years, adding momentum to the housing recovery.

The National Association of Realtors said today that sales rose 7.8 percent to a seasonally adjusted annual rate of 4.82 million. That's the most since May, 2010, when sales were fueled by a federal home-buying tax credit.

The figures were reported the same day the government said U.S. homebuilders broke ground on more new homes in August compared to July.

Still, the recovery is from a depressed level. Sales of previously occupied homes remain below the more than 5.5 million that economists consider consistent with a healthy market. And the number of first-time homebuyers, who are critical to a housing rebound, slipped to 31 percent from 34 percent.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…