http://dsnews.com/news/11-06-2014/housing-recovery-moving-slowly-despite-moderate-gains-sales Housing Recovery Moving Slowly Despite Moderate Gains in Sales Author: Brian Honea November 6, 2014 0 While home sales prices posted moderate gains in September, the housing market recovery as a whole is moving slowly, according to the Wells Fargo Economics Group Housing Wrap Up for October 2014. New home sales increased by only 0.2 percent month-over-month in September after shooting up by more than 15 percent in August. And while new home sales have increased by 22.6 percent since September last year, that percentage is perhaps more a reflection on the exceptionally weak sales numbers posted in September 2013, according to Wells Fargo. Existing home sales climbed by 2.4 percent from August to September, the highest percentage in 11 months. Year-over-year, existing home sales were 1.9 percent higher in September. The median price of new homes dropped sharply in September, according to
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