Sales of previously owned homes came in 18.6 percent higher last month when compared to August 2010, according to data released Wednesday by the National Association of Realtors (NAR). Completed transactions rose 7.7 percent on a month-over-month basis to a seasonally adjusted annual rate of 5.03 million, up from 4.67 million in July. The latest …
Continue reading ‘Existing-Home Sales Jump Nearly 19% From Last Year’ »
Sales of previously owned homes surged 12.3 percent in December, according to data released by the National Association of Realtors (NAR) Thursday. Existing-home sales have increased five of the last six months and have now hit a seven-month high, at a seasonally adjusted annual rate of 5.28 million units. That’s up from a rate of …
Continue reading ‘Existing-Home Sales Soar to Seven-Month High’ »
According to the Federal Reserve in a DSNews.com article, the average American’s financial situation has improved. And that means good news for the mortgage market, which has been stressed by the recently increasing number of borrowers who have had trouble paying their mortgages because of deteriorating personal finances. During the third quarter (from July to …
Existing-Home Sales Rebound 7.6% Sales figures for previously owned homes rose in August following a big correction in July, according to data released by the National Association of Realtors (NAR) Thursday. The trade group’s existing-home sales report showed a 7.6 percent increase in transactions during the month, bumping the annualized sales pace to 4.13 million …