Home sales are rising but they would even more if qualified consumers weren't being shut out of the market, trade group says.
The National Association of Realtors announced this morning that existing home sales fell off in February, sliding 9.6% to a seasonally adjusted annual rate of 4.88 million units in February.
More existing homes changed hands in December, allowing 2010 to end with a run of five of the preceding six months having higher sales of existing structures, according to the National Association of Realtors.
It was a little more than a year ago when the NCUA threw its support behind an advisory that encouraged workouts on commercial real estate loans.
For the second time this week, a national statistic has suggested that the real estate market might be stabilizing further.
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The housing market's rebound suffered a setback as pending home sales fell 16% in November, the National Association of Realtors reported today. It was the first decline after nine consecutive months of increases.