Industry NewsMarkets & Economy

Home sales boom in ‘busted’ markets

Price drops lead to doubling in sales in some markets
Published on May 5, 2009

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by CareyBot

If we measured home sales the same way we do automobile sales, the housing market wouldn't look so bleak.

The success of the auto industry is gauged by individual unit sales on a year-to-year basis. So if Detroit sells 275,000 vehicles one month as compared to 250,000 in the same month of the previous year, all things are swell.

In comparison, housing studies focus on pricing.

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