Housing Turnaround?

More

Could it be a sign of recovery? After the Fed has worked to push mortgage rates lower and lower, there was good news for the housing market yesterday: existing home sales rose 5.1% in the month of February to a seasonally adjusted annual rate of 4.72 million units, according to the National Association of Realtors (NAR). Reasons could be 30-year mortgage rates around 5%, which the Fed has pushed lower by intervening in the mortgage market; the stimulus package's $8,000 tax credit for home buyers; low prices on foreclosed properties; or all three. A warning against premature celebration: sales are still 4.6% lower than they were a year ago, NAR points out.

Jump to comments
Presented by

Chris Good is a political reporter for ABC News. He was previously an associate editor at The Atlantic and a reporter for The Hill.

Get Today's Top Stories in Your Inbox (preview)

Hunting With Poison Darts

An indigenous forest dweller in Borneo explains one of his tribe's oldest customs: the art of the blowpipe.


Elsewhere on the web

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

Hunting With Poison Darts

A Borneo hunter explains one of his tribe's oldest customs: the art of the blowpipe

Video

A Delightful, Pixar-Inspired Cartoon

The story of an action figure and his reluctant sidekick, who trek across a kitchen in search of treasure.

Video

I Am an Undocumented Immigrant

"I look like a typical young American."

Video

Juice Cleanses: The Worst Diet

A doctor tries the ever-popular Master Cleanse. Sort of.

Video

Why Did I Study Physics?

Using hand-drawn cartoons to explain an academic passion

Video

What If Emoji Lived Among Us?

A whimsical ad imagines what life would be like if emoji were real.

Video

Living Alone on a Sailboat

"If you think I'm a dirtbag, then you don't understand the lifestyle."

Writers

Up
Down

More in Politics

Just In