Optimum News 12 Newsday.com MSG Varsity Explore LI AM New York Optimum Autos Optimum Homes

Content Preview Newsday 7 day/Optimum Online® subscribers click here for full access
Not a Newsday or Optimum Online® subscriber? Click here

Housing data points to rocky rebound

Originally published: November 25, 2009 8:14 AM
Updated: November 25, 2009 4:26 PM
By The Associated Press  ALAN ZIBEL (AP Real Estate Writer)

Quick ReadHome sales up, but housing recovery likely to be rocky, uneven

Photos

WASHINGTON (AP) — Sales of new homes rose more than 6 percent in October. But that was only because of strong results in the South.

Home prices rose in 11 major metro areas in September, but fell in nine. Home resales, meanwhile, were up nationwide, with the biggest gain in the Midwest.

Taken together, the data show that the housing market's recovery is still in its infancy and likely...

Newsday & ExploreLI are now available at no charge to Newsday 7-day and Optimum Online® subscribers. To continue reading, please log in or register now.

Already
registered on
newsday.com?
Log in
Newsday 7-day
or Optimum Online®
subscriber?
Get access
Not a Newsday 7-day
or Optimum Online®
subscriber?
Click here