U-Pack is the quick, convenient
way to move long distance.

U-Pack Long Distance Moving

Get a free moving quote!

It's fast & easy - no obligations

Existing-home sales decline in October

Existing-home sales declined 2.2 percent in October.

Existing-home sales declined 2.2 percent in October.

After two months of growth, existing-home sales fell in October, according to the National Association of Realtors.

The NAR reports the sales declined 2.2 percent to a seasonally adjusted annual rate of 4.43 million in the month, down from 4.53 million in September. Additionally, the report noted the year-to-date numbers reveal 4.15 million existing-home sales, down 2.9 percent from 4.27 million at this point in 2009.

Experts say the trend is going to continue moving at its current pace. Lawrence Yun, NAR chief economist, says, “The housing market is experiencing an uneven recovery, and a temporary foreclosure stoppage in some states is likely to have held back a number of completed sales.” He then noted sales should “steadily” improve to more promising level of above 5 million sales by spring 2011.

The report indicated that the national median existing-home price for all homes was $170,500 in the month, down 0.9 percent from October 2009. This news can be viewed as good news for those in the housing market looking for relocation into moderately priced homes.

For first time buyers thinking of moving, Relocate America says the best city for young professionals to live in is Washington, D.C.