Home sales up? It's all in the numbers.

You may have seen the latest home sales and price numbers and wondered: What's going on here? Are we up? Are we down?

So begins Kenneth R. Harney's latest posting on Realty Times.

Depending on which TV network reported the news last week, it sounded either like real estate is continuing along its steady road to recovery - -or that we just hit a pothole in the road.

That's just the problem with numbers, isn't it? But there is an answer according to Harney and arithmetic inclined folks,

Well, dig down into the actual numbers from the National Association of Realtors and you find that, yes, 2010 first quarter home sales were 14 percent lower than they were in the final quarter of 2009.

Home sales nationwide, however, in the first quarter of 2010 were 11.4 percent higher than they were during the same quarter the year before. And any economist will tell you: year to year comparisons are more meaningful than quarter to quarter data, which tend to be more volatile.

So, we're up. Let's see that translate into a full year increase and I will personally feel much better. Read the full article here.

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E-mail vti@vested.com - www.vested.com

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