The Carvajal Group Blog

U.S. Existing Home Sales Rise for February

March 23rd, 2009

Sales of previously owned U.S. homes have risen for the first time in a long time.  Sales were up 5.1% for the month of February,  which is a 4.72 million annual rate.  This has been the largest gain for these types of sales since 2003.

This  is seen by many as one of the first steps in order to correct a market that is in trouble.  The sale of the previously owned homes is important in order to help reduce the total supply of homes,  allowing the market to correct itself better.

The discount on nice homes, tax incentives, and credits are credited with the increase in sales.

If you are looking for Austin real estate, contact the Austin realtors of the Carvajal Group at 512-419-7770.

Tags: Austin Real Estate · Austin Real Estate Agent