WASHINGTON, February 27, 2007 -Â
Sales of existing homes rose in January, reaching the highest level in seven months, according to the National Association of Realtors®.
Total existing home sales – including single-family, townhomes, condominiums and co-ops – increased 3.0 percent to a seasonally adjusted annual rate1 of 6.46 million units in January from an upwardly revised pace of 6.27 million in December. Sales were 4.3 percent below the 6.75 million-unit level in January 2006. (more…)