U.S. Housing Market up

According to the National Association of Realtors report released last week sales activity is at its highest since February 2007. Existing home sales in the U.S. showed another big gain in October as first-time buyers rushed to take advantage of a national tax credit. Existing home sales, including single-family, townhouses and condos, surged 10.1% to a seasonally adjusted annual rate of 6.1 million units in Oct. This was reported in the London Free Press