Existing Home Sale

Lack of Supply Drives Home Prices up and Encourages Building

Existing Home Sales  (October 2012)   Existing Home Sales – (Seasonally Adjusted, annualized rate)  4,790,000. Previous was 4,750,000 Existing Home Sales – Month/Month (unadjusted) +2.1% Existing Home Sales – Year/Year  +10.9%   There might be more sales if there were more supply but the fact that so many folks owe more than their home is