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Home Sales on the Rise

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  • Description

    FBN’s Peter Barnes with news that September sales of previously owned homes are up 11% since last year.

  • Duration 1:04
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Peterborough zero BC with the details Peter what are -- well I existing home sales dropping about 2% in September to four point 75 million units on a seasonally adjusted annualized basis but.

Compared to September last year sales were up 11%.

Price is up 11% to an inventory is down 20% year over year real -- say the numbers show the housing market recovery is real.

But not everybody is convinced.

We are seeing -- one break out -- better condition in the housing market.

-- we did have a month to month setback but the broader trend -- -- housing market.

Recovery momentum is building.

I just think -- the fundamentals.

-- terms.

Again all of those things that drive competence and capacity.

Employment consumer confidence.

Household net worth those things are still wild cards I don't see how those by themselves are going to be that -- -- the engines of growth as it relates to housing market.

Average price of -- home sold last month 184000.

Dollars back -- you.

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