New House Sales Up 11 Percent In June

by 158 | July 27, 2009 at 11:18 am

75 views | 0 Recommendations | 0 comments

This is good news but limited

in scope and effect. There are

still millions of foreclosed houses

unsold. This does not indicate

the recession is over or even

easing up but it the numbers

continue to go up in the next

few months then it will be a

better sign.

" Sales rose 11 percent over the previous month to an annualized rate of 384,000. That was far better than analysts were expecting and the largest monthly gain in nine years. But sales were still down 21.3 percent compared with the same period last year. "