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Welcome news

Posted by Kimberly Blanton August 27, 2007 05:21 PM

Here's some welcome news about the housing market.

The National Association of Realtors said today in its July sales report that while nationwide home sales fell 0.2 percent, sales in the Northeast increased 1 percent to 1.02 million.

US existing home sales were at an annual pace of 5.75 million units in July, well below the 6 million annual pace during the boom earlier in the decade.

Sales in the West were also up, by 1.8 percent. Sales declined only in the Midwest -- down 2.2 percent. Sales in the South were flat.

The realtor group's sales figures chart changes between June and July in the seasonally adjusted figures.

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About boston real estate now
Scott Van Voorhis is a freelance writer who specializes in real estate and business issues.
Rona Fischman is a buyer's agent who provides a look at the local housing scene, from basements to attics.
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