Friday, October 23, 2009 11:45:38 AM
The National Association of Realtors says sales rose 9.4 percent to a seasonally adjusted annual rate of 5.57 million in September, from a downwardly revised pace of 5.1 million in August. Sales had been expected to rise to an annual pace of 5.35 million, according to economists surveyed by Thomson Reuters.
The median sales price was $174,900, down 8.5 percent from a year earlier, but the smallest annual drop in 13 months.
By ALAN ZIBEL, AP Real Estate Writer
Give a man a fire and he's warm for the day,
set a man on fire and he's warm for the rest
of his life. ~ Terry Pratchett
NOTE: I am NOT your financial advisor!
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