Actually a very good time for real estate sales:
October home sales rise 10.1 pct from September
October home sales up 10.1 percent, beating expectations as tax credit spurs sales
By Alan Zibel, AP Real Estate Writer
On 11:48 am EST, Monday November 23, 2009
WASHINGTON (AP) -- Home sales surged for the second month in a row in October, climbing to the highest level in 2 1/2 years as first-time buyers rushed to take advantage of an expiring tax credit.
Home sales nationwide are now up nearly 37 percent from their bottom in January, data Monday showed, though they are still 16 percent below the peak in autumn 2005. At the current sales pace, there is only a 7-month supply of homes on the market and in some areas there are bidding wars.
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