Watch this video featuring Chief Economist of the National Association of Realtors, Lawrence Yun to learn more about the state of existing home sales. He suggests we are in the early stages of recovery but it will be a gradual rising trend.
Regionally, existing-home sales in the Northeast increased 10.1 percent to an annual pace of 760,000 in September but are 20.8 percent below September 2009. The median price in the Northeast was $239,200, which is 1.4 percent below a year ago.
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