November home sales saw rise
In November the sales of previously occupied US homes went up by 5.6% from the previous month.
Last year at the same time, sales were better due to tax credit offers.
While ut was definitely up from the month of October, it was way below by 27.9% from the month of November of 2009.
According to the industry group thirty three percent of home sales in the month of November were distressed sales, including foreclosures aand short sales, in which banks agree to sell off homes for less than value of mortgages set on them.
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