Home Sales Jump 10 Percent, Still Lag 2009
Some cite this as evidence that the housing market is well on its way to recovery, but the actual number of home sales is 19.1 percent below that registered in September 2009. In addition, first-home buyers accounted for 32 percent of September's sales, just a notch higher than the 31 percent figure for August, suggesting the absence of a "gold rush" among buyers drawn to the market by super-low interest rates and home prices.
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