Meet the Street: Market for Homes Still Favors Sellers

The record-setting figures for January existing home sales that were announced earlier this week seem to portend continued strength in consumer spending and, perchance, a turn in the economy, says Glen J. Buco, executive vice president with West Financial Services, a financial-planning company in Annandale, Va.

Glen J. Buco Executive Vice President West Financial Services

Recent Meet the Streets

Gartner's Avivah Litan

Federal Reserve Bank of Philadelphia's Dean Croushore

Morningstar's George Nichols

Lehman Brothers' Matt Zolin

First Albany Asset Management's Hugh Johnson

Driehaus Capital Management's Richard Driehaus

Seasonally adjusted existing home sales for January were at an annualized rate of 6.04 million, up 16.4% from 5.2 million units in December, the National Association of realtors announced Monday. ...