Wednesday, November 16, 2005

Boom Was Still Booming In Summer

Associated Press reporter Martin Crutsinger reports on new numbers released by the National Association of Realtors. Here's an excerpt:
The nation's booming housing market continued to push prices higher in the summer months with 69 metropolitan areas reporting double-digit increases compared with a year ago, a real estate trade group reported Tuesday.

The National Association of Realtors said the median price of an existing home rose by 14.7 percent in the July-September quarter to $215,900, compared with a median price of $188,200 a year ago. The median is the midpoint where half the homes sold for more and half for less.
Read the entire story at this link.

— The Boy in the Big Housing Bubble