Existing Home Sales and National Median Existing Home Prices Rise Again in April

Existing home sales information, released by the National Association of Realtors (NAR), showed that April 2012 existing home sales were up by 3.4% over March 2012 and 10% higher than a year ago. What is more, the national median existing home price for all housing types increased by 3.1% in March and 10.1 % over April 2011. NAR chief economist, Lawrence Yun, explains, “This is the first time we’ve had back-to-back price increases from a year earlier since June and July of 2010 when the gains were less than one percent. For the year we’re looking for a modest overall price gain of 1 to 2 percent, with stronger improvement in 2013.” http://bit.ly/KItMS2

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