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Title: Sales of Previously Occupied Homes Edge up 5.6 Percent in November, Third Rise in 4 Months
Source: Associated Press
URL Source: http://www.canadianbusiness.com/mar ... /article.jsp?content=D9K919JG1
Published: Dec 22, 2010
Author: Associated Press
Post Date: 2010-12-22 11:55:55 by Brian S
Keywords: None
Views: 189
Comments: 1

WASHINGTON (AP) - Sales of previously owned homes edged up in November, the third increase in four months after a dismal summer for home-buying.

The National Association of Realtors says people bought previously owned homes at a seasonally adjusted annual rate of 4.68 million units last month, a gain of 5.6 percent from October.

The increases follow the worst summer for home sales in more than a decade. Even with the gains, sales were about 10 percent below the 5.2 million sales pace that analysts consider a healthy pace for housing.

The national median price for a home sold in November was $170,600.

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#1. To: Brian S (#0)

Who can buy a home w/o a NoDoc FHA loan?

No jobs, no stability.

“(Las Vegas Sun) As it happens, the best view of Ascaya, that Henderson hillside, is from a vast parking lot behind an empty commercial development, one built with the expectation that growth would drive demand for new shops. The parking is in the rear, presumably to give the front of the shops a more urban feel. But it’s a pointless, faux urbanism — most everyone will have driven to get here, and it’s set far off the road.”

…Context. Now we’re on Gibson Road in Henderson, up the hill from Interstate 215, and there sits Vantage, a boxy, glassy modernist condo development; a historical artifact of the era of the credit boom, and, perhaps, delusional exuberance. It was a $160 million project, but no one lives there. It sits on the hill, surrounded by suburbia, like a hipster who’s stumbled into a church that he thought was a nightclub.”

mcgowanjm  posted on  2010-12-22   14:02:51 ET  Reply   Trace   Private Reply  


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