According to the National Association of Realtors existing home sales increased 4% in November over October sales and were over 12% higher than Novemeber of 2010. Interest rates for 30 year fixed rate conventional loans were at 3.99%. Pending home sales in the South are 8.7% above November of 2010. Builders broke ground on about 685,000 new units in November, 9.3% above October though still well below the 1.2 million most economists think would be started in a healty economy, this according to the New York Times.
Coupled with the employment statistics it does appear that thinks are getting better. Even if it is slower than all of us would like.
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