Nationally, Existing home sales and prices increase in April;  Housing recovery is underway

From Real Estate Investors Daily: 

Today’s existing home sales report from the National Association of REALTORS® shows existing home sales in April were at at a seasonally adjusted-annual rate of 4.62 million units which is a increase of 3.4 percent from the month before and an increase of 10.0 percent from a year ago. The actual number of homes sold in April was 400,000 which is an increase of 11.1 percent from the month before and an increase of 6.7 percent from a year ago when there were 375,000 homes sold.

Home prices increase for third-consecutive month….

The median home price in the U.S. in April was $177,400, an increase of 7.6 percent from the month before and an increase of 10.1 percent from a year ago when the median price was $161,100.” 

Read the remainder of the good news below. 

See on realestateinvestordaily.com

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