On a bit of good news, it is becoming apparent that the housing situation here at home is improving slightly. U.S. home re-sales surged in January to an 18 month high, and the supply of properties on the market was the lowest in almost seven years. According to the National Association of Realtors, existing home sales increased 4.3 percent to an annual rate of 4.57 million units last month, the highest since May 2010. Although the result was a bit below the Street's estimate of 4.63, the annual growth is indicative of an improving jobs market.
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