Home sales rebound to highest level in 2 years
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Posted Friday, October 23, 2009 | 12 Views |
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By Hibah Yousuf, CNNMoney.com contributing writer
Last Updated: October 23, 2009: 11:41 AM ET
Sales of previously-owned homes jumped 9.4% in September after falling for the first time in four months in August, said the National Association of Realtors. Year over year, sales of existing homes were up 9.2% in September.
Early information from a NAR report to be released next month suggests first-time homebuyers accounted for more than 45% of home sales in the past year.full story
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