Sales Of Existing Homes At Highest Level In Nearly Two Years

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Sales Of Existing Homes At Highest Level In Nearly Two Years

By Mark Memmott

Published February 22, 2012 at 9:55 AM MST

There were 4.3 percent more existing homes sold in January than in December, and the 4.57 million annual rate was the highest since May 2010, .

Sales have gone up three of the past four months.

, however, that "the tenor of the report was weakened somewhat by a sharp downward revision to December's sales data to show only a 4.38 million-unit rate rather than the previously reported 4.61 million-unit pace."

Still, the report adds "to signs the housing market is regaining its footing."

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Sales Of Existing Homes At Highest Level In Nearly Two Years

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