Cheap Prices Lift US Home Sales BBC News

BBC NEWS reports Cheap prices lift US home sales.

"Sales of existing homes grew 5.1% in February to an annual rate of 4.72 million, up from January's 4.49 million, the largest jump since 2003.

The average price fell 16% from a year earlier to $165,000 (£114,000), added the National Association of Realtors"

This is another sign of an improving economy, albeit one largely based on depressed prices the result of distressed properties.

As a side note, and another sign of an improving economy, the Dow Jones Industrial Average Index closed up, yesterday, by +$497.48.

Following the Dow Jones Industrial Average Index, both the NASDAQ Composite Index (+$98.50) and the S & P 500 Index (+$54.38) closed up yesterday, too.

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Eric D. Colburn, PLS, "The Geo-Business Innovator", helps geo-professionals improve through innovative solutions, mastery of marketing and business growth strategies, and coaching/training. Eric is a successful, serial entrepreneur, podcaster, industry writer, product development consultant, and RI licensed professional land surveyor.

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  1. […] Eric D. Colburn, Professional Land Surveyor added an interesting post today on Cheap Prices Lift US Home Sales BBC NewsHere’s a small readingMar24 BBC NEWS reports Cheap prices lift US home sales.“Sales of existing homes grew 5.1% in February to an annual rate of 4.72 million, up from January’s 4.49 million, the largest jump since 2003. The average price fell 16% from a year earlier to $165,000 (£114,000), added the National Association of Realtors” This is another sign of an improving economy, albeit one largely based on depressed prices the result of distressed properties.As a side note, and another sign of an improving economy, […]

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