2nd Quarter Home Sales up in 39 U.S. States

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.”