From Mark J. Perry's blog:
Highlights from today's report on existing home sales:
1. Existing-home sales – including single-family, townhomes, condominiums and co-ops – rose 7.4% to a seasonally adjusted annual rate of 6.54 million units in November from 6.09 million in October, and are 44.1% higher than the 4.54 million-unit pace in November 2008. Current sales remain at the highest level since February 2007…
Read full article (with charts)...
More on housing:
Why the housing crash is not over
Top homebuilder predicts new housing crisis
A shocking 1 of every 4 mortgages are underwater