Starts Rise 7.4% from October — but 44.1% Year over Year

Posted by mortgagebroker in Mortgages, ... | 12.22.2009 - 3:55 pm

Thanks to record low mortgage rates and a feared expiration of the first-time home buyer tax credit, existing home sales spiked 44.1% in November (compared to the same month last year) to a seasonally adjusted annual rate of 6.54 million units, according to figures released by the National Association of Realtors.


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