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In memory of Big Dave
On Thursday afternoon, it was announced to the entire company of Lebhar-Friedman, publishers of Home Channel News, that one of our colleagues had died suddenly and unexpectedly.
Dave Stewart was 51 years old. He was a salesman for HCN’s sister publication Chain Store Age. It is impossible to adequately celebrate any life with an appropriate degree of eloquence and reverence. But it can be helpful for the writer. So here it goes.
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Despite pent-up demand, existing-home sales slip
Existing-home sales data released Wednesday by the National Association of Realtors (NAR) declined slightly compared with the previous month but showed gains compared with a year ago.
February existing-home sales came in at a rate of 4.59 million, down 0.9% from 4.63 million in January. Compared with a year ago, completed transactions are 8.8% higher than February 2011.
Sales were up in the Midwest and South, offset by declines in the Northeast and West.