Home Sales Spike, Again

The housing market has entered the stage of full-on recovery, according to the National Association of Realtors’ latest reading of the market. In October, existing home sales were up 10.9 percent from October 2011, while prices were up 11.1 percent. Compared with a year ago, the number of homes for sale in October 2012 was off 22 percent. To recap: inventory way down, prices and volume up significantly.