Happy Friday – Strong Gain in Existing-Home Sales Maintains Uptrend

According to a post today by the National Association of Realtors (NAR), for the first time in five years, existing-home sales have increased for four months in a row; monthly increase is the largest in 23 years. Existing home sales rose 7.2 % to a seasonally adjusted annual rate of 5.24 million units in July from a level of 4.89 million in June, and are 5.0% above the 4.99 million-unit pace in July 2008.  Could the real estate market be recovering sooner than we thought?

By Amanda CorneliusAmanda Cornelius on FacebookAmanda Cornelius on Google+Amanda Cornelius on Twitter Visit author's website

Amanda is the Co-Founder and CEO of Properties Online, Inc, a website technology company created to help agents and brokers grow their business. Along with her husband Greg, Amanda co-owns a real estate brokerage located in Northern California with 9 offices and over 250 agents. Amanda holds a BA in Film and Electronic Arts from California State University Long Beach, and has worked in the film, internet and print industries for over 25 years designing marketing materials for Dick Clark Productions, John Travolta Productions, Warner Bros., Disney, Bob Hope and more.

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