The median forecast of 79 economists surveyed by Bloomberg called for a 4.9 million pace. The number of available properties slumped to the lowest level since 1999. A sustained pickup in housing will depend on faster progress in the labor market, fewer foreclosures and easier access to credit.
http://www.bloomberg.com/news/2013-02-21/previously-owned-u-s-home-sales-climb-to-4-92-million.html?source=Patrick.net
#housing