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U.S. existing home prices up; climate improves as distressed sales wane: VIDEO

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Diana Olick of CNBC
Existing home sales nationwide were down up 11 percent year-over-year in September, CNBC's Diana Olick reports in the video after the jump. The national total of 4.75 million units sold was in line with projections and represents the continued move away from the sale of distressed assets in the national housing market, Olick said. The median U.S. home price was $183,900 in September, Olick said, up 11 percent year-over-year. This is further evidence of the move away from distressed sales, which can be a deceptive indicator of overall pricing. Olick warns: "regular prices of regular homes are not up that high." [more]



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