Tuesday, May 24, 2005

Strong Home Buying Numbers

The housing boom continues across the country, with the National Association of Realtors reporting that sales of existing homes were up 4.5 % in April. Prices are up over last year, and the increase is the largest in 25 years. Last month, almost 7.2 million single-family homes and condominiums were sold, with a median price of $206,000.

Again, proof that the economy is strong and getting stronger. Low mortgage rates have helped the numbers. Hopefully, they'll stay low until Shannon and I can find our home.