Home resales leaped up in October, rising far more than expected as a fat tax credit offset fears about joblessness.
Sales of existing homes increased by 10.1% to a 6.10 million annual rate from 5.54 million in September, the National Association of Realtors said Monday.
So says an article in today’s WSJ.com > Existing-Home Sales Jump 10.1% and since it's good news and comes from the NAR, it's sure to get plenty of spin.
But don't hang your hat on it, because it didn’t happen here in the Foothills.
Sales in October were, in fact, down a teeny-weeny bit from September.
But maybe it's our turn next.
(ps-if the wsj article doesn't come up, just Google the title and click to it from there)
