Darlene Sanchez Real Estate

Economic Update... Existing home sales rose 1.7% in August to a seasonally adjusted annual rate of 5.48 million units,the highest pace since February 2007. Conpared to a year ago,existing homes sales were up 13.2% in August. The inventory of unsold existing homes on the market rose 0.4% to 2.25 million in August, a 4.9 month supply at the current sales pace.

http://realtytimes.com/rtpages/20120822_rateupdate.htm

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