delinquencies

Taking advantage of falling prices, buyers have stormed back to the market, surging the sales of previously owned homes in July, due to lower interest rates and a tax credit for first-time homeowners.

According to the National Association of Realtors, the number of existing home sales rose 7.2 percent in July from June, whereas the sales of condos and single-family homes each rose for the month. It was the largest monthly gain since the group began tracking existing home sales in 1999.

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Tagged as: buyers, delinquencies, economists, Existing Home, falling prices, foreclosures, homeowners, homes, July, June, lower interest rates, market, median sale price of homes, National Association of Realtors, properties, sales, short sales, tax credit

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