Friday, May 27, 2005

National Association of Realtors® (NAR) says April record home sales month

Continuing to set new records, sales of existing homes in April climbed to new heights. The NAR states "Single-family home sales rose 4.5 percent in April to a record seasonally adjusted annual rate of 6.28 million from a level of 6.01 million in March."

Why? The article says continued low mortgage rates and low inventory are contributing to this growth.

To read more, go here.

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