Forget the fancy prose. Here’s the gist of housing in January, nationwide.
Sales of existing homes were down almost 30% from December (from 404,000 to 284,000 units), but up slightly from January 2010 (from 275,000 to 284,000 units, or about 3.3%). Click here for the NAR spreadsheet (Excel format).
Meanwhile, sales of new homes were down sharply — off 12.6% over December.
And, of course, there’s the whole issue of the last 10 years’ worth of home-sales data — things might have been worse all along.
Virginia numbers coming soon..