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<table border="0" cellpadding="3" cellspacing="1" width="100%" class="forumline"> <tr> <th class="thCornerL" width="22%" height="26">Author</th> <th class="thCornerR">Message</th> </tr> <tr> <td width="22%" align="left" valign="top" class="row1"><span class="name"><a name=""></a><b>Guest</b></span></td> <td class="row1" height="28" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td width="100%"><img src="templates/subSilver/images/icon_minipost.gif" width="12" height="9" alt="Post" title="Post" border="0" /><span class="postdetails">Posted: Tue, May 24 2005, 1:37 pm EDT<span class="gen"> </span> Post subject: Home sales soar to record</span></td> </tr> <tr> <td colspan="2"><hr /></td> </tr> <tr> <td colspan="2"><span class="postbody"><span style="font-weight: bold">Home sales soar to record <br /> <br />Low rates, strong demand, push April rate to 7.2M; median price tops $200,000 for first time.</span> <br /> <br />NEW YORK (CNN/Money) - Existing home sales jumped to record highs last month as persistent low mortgage rates helped keep the real estate market sizzling. <br /> <br />The report from the National Association of Realtors (NAR) helped reignite the long-running debate about whether there's a bubble in the housing market and whether it's about to pop. <br /> <br />The real estate group said sales of previously owned homes rose to an annual rate of 7.18 million in April from a revised 6.87 million rate in March, a number that topped relatively optimistic forecasts on Wall Street. On average, economists surveyed by Briefing.com had predicted a sales pace of 6.90 million, which would have been the third strongest month on record before Tuesday's report. <br /> <br />(<a href="http://money.cnn.com/2005/05/24/news/economy/homesales/index.htm" target="_blank" class="postlink">more...</a>)</span></td> </tr> </table></td> </tr> <tr> <td colspan="2" height="1" class="spaceRow"><img src="templates/subSilver/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> </table>
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