Information on March figures for both existing and new house sales were
released this week and figures show a moderate slowing from similar data
one year ago but with a gradual upswing from first quarter 2006 figures.
This might indicate that "The Spring Market" is still
alive and well.
New home sales of single family residential units in
March of this year were at a seasonally adjusted annual rate of 1,213,000;
13.8 percent above the revised February figure of 1,066,000 but down 7.2
percent from the estimate in March 2005 of 1,307,000.
Existing homes also sold better and faster in March than in February,
adding to the strong rebound noted that month according to figures released
this week by NAR.
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