December 22nd, 2009 by Michael Oliver

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Existing home sales are up again across the nation as existing home sales rose 7.4% in November to a seasonally adjusted rate of 6.54 million units a year pace. As expected sales are way up over last years levels on a percentage the gain was 44% over last November. As most people realize last year from roughly October until the end of February the real estate markets were almost essentially locked up as lending froze, and buyers headed for the sidelines not knowing what was going to happen in the general economy. That being said the next couple months of home sales should show large increases in a year over year basis.

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