Wednesday, March 07, 2012

CrackerJack Agent - Blog View - Spring 2012 Homes Sales Expected To Set Records

CrackerJack Agent - Blog View - Spring 2012 Homes Sales Expected To Set Records

Home sales in the U.S. probably climbed in January to the highest level since May 2010, adding to evidence the housing market is regaining its footing, economists said reports this week will show.

Combined purchases of new and existing houses rose to a 4.97 million annual rate from 4.92 million in December, according to the median forecast in a Bloomberg News survey. Claims for jobless benefits held near the lowest level since 2008, bolstering consumer confidence, other reports may show.

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