Existing Home Sales Up 5.1% in February!!

Hi,

Sales of existing homes rose 5.1% in February, according to the National Association of Realtors.

This jump was much better than waht economists had been predicting. This news combined with the Toxic Asset purchase plan announced today has pushed the Dow Jones stocks up over 400 points so far today.

It sure does feel like we have finally turned the corner on this recession!! This combined with Citibank's profit announced a couple weeks ago along with the big news that Housing Starts had their biggest jump since 1990.

You can read more about the Housing story at the FoxBusiness.com web-site.

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Reuters: A glimmer of light for US housing?

In a news video released by Reuters news agency July 25th, 2008 reports that new home sales have been better than expected.








This Reuters news video is reported by Sasha Salama with a soundbite courtesy of Eric Landry of Morningstar.