First-time home buyers and investors waded into the housing market looking for deals in May, pushing sales of existing homes higher again in South Hampton Roads, according to a report released Monday.
Real Estate Information Network Inc. released data showing that 963 homes sold last month, up 14.5 percent from April but 3.6 percent below the number sold in May 2008.
The number of homes sold last month was down by its narrowest margin in more than year, offering a glimmer of hope that the local housing market might be reaching a bottom.
Read more in the Virginian-Pilot.
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