http://finance.yahoo.com/news/Investors-drove-home-sales-up-apf-2297928299.html?x=0
Sales of previously occupied homes rose last month to a seasonally adjusted annual rate of 5.1 million, the National Association of Realtors said Wednesday. That’s up 3.7 percent from 4.92 million in February. The pace is far below the 6 million homes a year that economists say represents a healthy market.
Foreclosures or short sales, when the lender agrees to accept less than is owed on the mortgage, rose to 40 percent of all sales. Deals paid for entirely in cash accounted for 35 percent of all sales — the highest level in nearly two years.
The median sales price rose in March to $159,600, but is still down 5.9 percent from a year ago.
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