For the first time in five years, existing-home sales have increased for four months in a row.

26Aug09

The national median existing-home price3 for all housing types was $178,400 in July, which is 15.1 percent lower than July 2008.  Distressed properties continue to weigh down the median price because they typically sell for 15 to 20 percent less than traditional homes. Single-family home sales increased 6.5 percent to a seasonally adjusted annual rate […]

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