WBKO - HomePage - Headlines

U.S. Home Sales Rates Up to Highest Point Since 2010

Updated: Wed 6:33 PM, Sep 19, 2012

Sales of previously-occupied homes rose 7.8 percent from July to August, bringing them to their highest point since May 2010.

This is according to a release from the National Realtors Association.

The jump in sales of previously occupied homes, and construction of new homes may indicate the U.S. housing market recovery is gaining momentum.

Local realtors are seeing the same trend in Bowling Green. They say the higher rates are probably a result of new home owners taking advantage of low interest rates.

"The atmosphere has been more positive. There are more homes out there. There's some lending. They're able to get money," said Realtor Association of Southern Kentucky Director Meg Manning.

August's boost in sales percentage puts the occupied home sales rate at its highest point since May 2010, when sales were aided by a federal home-buying tax credit. They have also seen a 2.3 percent increase in construction of new homes.


WBKO.com is happy to provide a forum for commenting and discussion. Please respect and abide by the house rules:

Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, no links, share your knowledge, and please suggest removal of comments that violate these standards.

powered by Disqus

What's on Tonight

ABC Programing FOX Programing CW Programing
WBKO 2727 Russellville Road Bowling Green, KY 42101-3976 Phone: 270-781-1313 After Hours Hotline: 270-781-6397 Fax: 270-781-1814
Gray Television, Inc. - Copyright © 2002-2013 - Designed by Gray Digital Media - Powered by Clickability
User Agent: CCBot/2.0 - 170352546