Recovery News: U.S. Home Sales Up 3.4% in April 2012
During the month of April, the Nations real estate market experienced a rise in existing-home sales and home-price increases. Existing-home sales which are made up of completed transactions for single-family homes, townhomes, condominiums and co-ops, rose 3.4 percent showing increased sales over last year. All across the country there were positive signs of increased exisitng-home sales.
There was an increase in first-time buyers from 33 percent in March to 35 percent in April, showing that first-time buyers are active and taking advantage of low interest rates and available inventory.
New Homes for Sale on the Market