Existing Home Sales Up!

Dear Everyone,

If you've been affected by all the doom and gloom reports about the flagging subprime industry, take heart. According to a report issued by the Association of Realtors, existing (as opposed to new construction) home sales rose 3.9 percent in February, the largest amount since 2004.

The report also showed that our beloved northeastern U.S. fueled this increase in sales. That makes me smile. Think back a few weeks to February. If you can't remember, I'll jog your memories. The weather in the northeast was horrid. It was brutally cold and quite snowy. Stalwart buyers braved the weather and bought homes anyway. Imagine that. Armageddon averted yet another day.

With that tidbit of good news, I hope you have a pleasant weekend. I will spend the weekend trying to increase existing home sales in April.

Elaine