This is the latest information on home sales. Enjoy!
Home sales rise 4.3 percent in January, hitting the fastest pace in almost two years
Published: Wednesday, February 22, 2012, 7:24 AM Updated: Wednesday, February 22, 2012, 7:24 AM
Home sales rose in January to the highest pace in nearly two years, flashing signs of health ahead of the spring-buying season.
Sales have risen in three of the past four months. But they remain well below the 6 million that economists equate with a healthy market.
First-time buyers, who are critical to a recovery, are increased slightly to 33 percent of sales. In healthy markets, first-time buyers make up at least 40 percent.
Homes at risk of foreclosure made up 35 percent of sales last month, up from 32 percent in December.
–The Associated Press