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Home Sales Up (Except LA)

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Everyone is all jacked up by today's release of November's existing-home sales figures, which rose 7.4% nationwide from October, according to the Wall Street Journal. But the news isn't as jumpy in our broke state, according to the New York Times: "Los Angeles saw sales drop about 1.5 percent from November 2008, while the median sale price remained essentially flat at $268,900." Nationwide, foreclosures made up 1/3 of all sales, while prices continue to fall (but by a smaller margin). The National Association of Realtors' Lawrence Yun calls the sales push a "rush of first-time buyers not wanting to miss out on the tax credit," according to a release. [WSJ/NYT/NAR]