Another positive report about the US Housing Market was released yesterday.  Home sales have grown in the second quarter in 39 states.  The quarterly sales rose 3.8% from last year.  This left the adjusted rate at 4.76 million over last year’s 4.58 million. 

Throughout the country foreclosures and other types of distressed transactions accounted for nearly a third of all second quarter sales.  Lawrence Yun, the trade group’s chief economist, called the sales increase “a hopeful sign for the economy.”