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May 31st, 2010 4:14 PM
Existing home sales rose 7.6% in April to a seasonally adjusted annual rate of 5.77 million units from 5.36 million units in March. The inventory of unsold homes on the market rose 11.5% to 4.04 million, an 8.4-month supply at the current sales pace, up from an 8.1-month supply in March.  My retort is since homes are selling quicker every month, the listing price has gone up and tax advantages down.  Still monthly the recession lessens.  
Posted by Dale Ross on May 31st, 2010 4:14 PM

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