Another article verifies that we are seeing a recovery in the real estate market. I wrote on July 10 that the Las Vegas residential real estate market set a record for the most home and condo sales ever successfully closed -> 4702 in June alone.

Associated Press Real Estate Writer, Alan Zibel, wrote yesterday that existing home sales in the United States rose for a third consecutive month in June. The National Association of Realtors confirmed that this 3 month consecutive rise in home sales is the first to occur in 5 years. Also noteworthy yesterday is the Dow Jones finally coming back over 9000 which it had not done since November 2008.

 The Alan Zibel article reports that out of 55 major metropolitan cities in America, 40 of those experienced the 3-month consecutive home sales increase. The median homes sales price also rose to $181,800 in June which was up from $174,700 in the previous month.

Valerie Huffman, a vice president for Weichert Realtors in Montgomery County Maryland, is quoted as saying …

We’re having multiple bids on anything that’s priced well.

She adds that homes sales there are up 42.5% from last year. For more on the existing homes sales improvement, go here.

Also see: Real Estate & Domain Names Recovering

As of this writing, Asian markets are closing today and the headline on the front page of Yahoo Finance reads “Asian markets rise on improved data, earnings”. The article states …

Asian stock markets climbed Friday as economic data and company earnings reinforced confidence that a recovery from the global recession is under way.

For more on this article, go here.

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