Posted by: Marvin Remmich | September 19, 2012

Existing Home Sales at Highest Level Since May 2010

Existing home sales rose 7.8 percent to 4.82 million in August – the
highest level since May 2010 – the National Association of Realtors reported
Wednesday. The median price of an existing single-family home in August was
$187,400, down from $187,800 last month and up from 171,200 a year ago.

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