US Home Sales Rise to 2nd-Highest Pace in 3 Years

By: Associated Press
By: Associated Press

WASHINGTON (AP) -- U.S. sales of previously occupied homes rose in January to the second-highest level in three years, a sign the housing market is maintaining its recovery and helping to bolster the economy.

The National Association of Realtors says sales rose 0.4 percent in January compared with December to a seasonally adjusted annual rate of 4.92 million. That was the second-highest sales pace since November 2009, when a temporary home buyer tax credit had temporarily boosted sales. The median price for a home sold in January was $173,600, an increase of 12.3 percent from a year ago.

Analysts say purchases would be higher if more homes were available. The supply of homes for sale dropped to nearly an eight-year low in January.

AP-WF-02-21-13 1512GMT


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WTVY-TV 285 N Foster Street Dothan, AL 36303 334-792-3195
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 192282941 - wtvy.com/a?a=192282941