Home Sales Stop Their Descent

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	Home Sales Stop Their Descent

Tina Russo

3-26-2008 10:26 AM

1095 views

tags:

home sales, housing slump, mortgages

Tina Russo says:

Finally, at least a little good news in the home buying arena. Mortgage applications are up as buyers find big reductions in home prices in some areas of the country.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/536abe9d-a0fa-49ae-9a4c-9fedec685b2a/ABD23E6F-8D66-44CC-8C36-FF8DAB2C4D5A/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.usatoday.com/money/economy/housing/2008-03-24-home-sales-february_N.htm" href="http://www.usatoday.com/money/economy/housing/2008-03-24-home-sales-february_N.htm" style="font-size: 11px;">www.usatoday.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.usatoday.com/money/economy/housing/2008-03-24-home-sales-february_N.htm">Home sales posted their largest increase in a year in February as prices finally fell enough to lure reluctant buyers back into the market.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.usatoday.com/money/economy/housing/2008-03-24-home-sales-february_N.htm">Sales of existing homes rose 2.9% from January, the National Association of Realtors said Monday. The increase, which was largely unexpected by economists, is a welcome sign of some stabilization in a housing slump that has taken a toll on the nation's economy.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.usatoday.com/money/economy/housing/2008-03-24-home-sales-february_N.htm">Nationally, sales of single-family homes, condos and town homes rose to a seasonally adjusted rate of 5.03 million, although sales were still nearly 24% below February 2007.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/ABD23E6F-8D66-44CC-8C36-FF8DAB2C4D5A/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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