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Nationally – home sales are on the rise

Across the country, home sales are coming back slowly according to the National Association of Realtors.

See the full article on WSJ.com:  Home Resales Rise 4%  What we are seeing in the greater South Bay cities of Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes and Palos Verdes Estates, is a decline in the number of homes for sale.

By ALAN ZIBEL And JEFF BATER

U.S. home sales grew in November, and the year’s sales are on pace to be above last year’s, but the housing bust was far worse than originally thought, a real-estate trade group said Wednesday.

The National Association of Realtors said sales of previously occupied homes in the U.S. rose 4.0% in November to a seasonally adjusted annual rate of 4.42 million. Economists surveyed by Dow Jones Newswires had expected a 2.0% monthly increase.

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