Some good news for the housing market today. Home sales rebound to highest levels since July 2007.

To sum it up by region…

The West: Sales climbed 13% to an annualized rate of 1.3 million.

The Midwest: Sales were up by 9.6% to a pace of 1.25 million

The South: Sales were up 9% from August and 10.8% from last September to a rate of 2.6 million

The Northeast: Sales up 4.4% from August to a rate of 950,000

Sales of previously-owned homes jumped 9.4% in September after falling for the first time in four months in August, said the National Association of Realtors. Year over year, sales of existing homes were up 9.2% in September.

Read the entire article on CNNMoney.com…