August 21, 2009
Sold! Existing Home Sales Jump in July
CBS Evening News
By Ben Tracy
..."I wouldn't be standing up and cheering yet. But things are better than they were six months ago. There's no question about that," said Richard Green, director of the USC Lusk Center.
It's good for buyers, but many are selling at a loss.
Nationwide the median single family home price was just $178,000 in July. That's down 14.6 percent from a year ago.
"I think we're gonna stay kind of where we are now, in terms of prices, for the next couple of years," said Green...