Ginthner & Associates - Windermere Real Estate
Specializing in Results
Windermere Capitol Hill 1112 19th Ave E Seattle WA 98112 206-324-8900 | Email: contact@ginthner.com
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Interest rates Home sales slip
Posted on June 22, 2010
INTEREST RATES SLIP: An unexpected drop in homes sales boosted demand for safe assets, sending Treasury prices higher and interest rates lower.
HOME SALES EYED: Nationwide sales of existing homes fell 2.2 percent in May, the National Association of Realtors said. Existing-home sales in the West rose 4.9 percent to an annual rate of 1.29 million in May and are 15.2 percent higher than May 2009. The median price in the West was $221,300, up 7.4 percent from a year ago. Nationally, first-time buyers made up 46 percent of sales. Foreclosures and short sales made up 31 percent of sales in May.
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