Existing home sales surge 41%
Sales of existing single-family homes in Gainesville in September were up for the year for the first time in more than two years.
The 149 sales were a 41 percent increase over the 106 sales in September 2008, Florida Realtors reported Friday.
Buyers were reacting to lower interest rates, lower prices and better economic news such as stock market performance, said Carol Bosshardt of Bosshardt Realty.
A 30-year fixed mortgage averaged 5.06 percent in September, down from 6.04 percent a year ago, according to Freddie Mac.
Full story is available on Gainsville.com