Industry NewsMarkets & Economy

Existing-home sales post third gain in 4 months

NAR: large-scale REO-to-rental program not needed
Published on Feb 22, 2012

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by CareyBot

Increased demand from investors and first-time homebuyers helped boost existing-home sales in January -- the third increase in the past four months, the National Association of Realtors reported.

NAR said total existing-home sales -- including single-family homes, townhomes, condominiums and co-ops -- were up 4.3 percent from December to January, to a seasonally adjusted annual rate of 4.57 million.

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