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Money and Markets: Investing Insights

Home resales perk up in U.S.

Jerry W. Jackson | Sentinel Staff Writer
Posted February 28, 2007

Existing-homes sales nationwide rose in January as warm weather helped the chilly market, though the numbers were still down sharply in Florida, industry reports showed Tuesday.

The National Association of Realtors said total existing-home sales — everything from single-family homes to town homes and condos — increased 3 percent from December to a seasonally adjusted annual rate of 6.46 million units — the highest rate in seven months. But that was down 4.3 percent from the same month a year ago, when sales were coming off a record year in 2005.

In Florida, a separate report by the Florida Association of Realtors showed that single-family home sales in January fell 27 percent from a year ago, to 9,382. Condo sales were off 30 percent to 3,007.

See the full article here:
http://www.orlandosentinel.com/business/orl-homesales2807feb28,0,5877592.story?coll=orl-business-headlines

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