Sales of existing homes across U.S. up in September

Sales of existing homes rose by the largest amount in more than five years in September, a real estate trade group said Friday. The data is a possible glimmer of hope that the housing slump could be starting to bottom out.

The National Association of Realtors said Friday that sales of existing homes rose by 5.5 percent in September compared to August, the best showing since a 5.6 percent increase in July 2003, during the five-year housing boom.

Lawrence Yun, chief economist for the Realtors, said a sales turnaround first seen in California was beginning to broaden to other regions of the country including Colorado, Kansas, Minnesota, Missouri and Rhode Island.

The rise in September sales pushed activity to a seasonally adjusted annual rate of 5.18 million units last month. Sales were up 9.6 percent on a year-over-year basis before adjusting for seasonal changes.

By region of the country, sales soared by 16.8 percent in the West and rose a more moderate 4.4 percent in the Midwest and 2.2 percent in the South. The only region of the country which saw a decline was the Northeast, where sales fell by 1.1 percent.
Source: naplesnews.com

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Finding Housing Market's Basement

We may be starting to see the first rays of sunshine on a possible end to the housing crisis, reports CNBC's Diana Olick. Richard Dekaser, of National City, and Patrick Newport, of Global Insight, discuss.
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Source - cnbc.com

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AARP The Magazine’s Top 10 Healthiest Cities to Live and Retire for 2008: Naples, FL

#10 Naples–Marco Island, Florida: Residents received very high scores for regular exercise, healthy eating and not smoking; the area has one of the lowest cancer mortality rates in the country; Naples-Marco Island has the second most golf holes per capita in the country.Source: aarpmagazine.org

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