Home resales rose another 2.7 percent last month, according to the National Association of REALTORS® monthly Existing Home Sales report.
According to the National Association of REALTORS®, seasonally-adjusted, annualized Existing Home Sales figures climbed by more than a half-million units in December as compared to November. It’s the 3rd straight month of home resale improvement nationwide.
Existing Home Sales jumped another 6 percent in November, the report’s third month of improvement since bottoming in July.
It’s encouraging that first-time and investment property buyers were both outnumbered by “move-up” buyers in October; buyers that have sold their respective homes in favor of larger ones.
“Deals” were in ample supply this summer and eager home buyers snatched them up.
Sales of existing homes in recovered in August, perhaps the result of a post-tax credit normalization.
The number of home resales plunged by 1.4 million units in July. Home buyers may uncover opportunities for a deal.
Consistent with most post-home buyer tax credit housing news, Existing Home Sales eased lower last month. The 5 percent drop in sales was expected, but a closer look at the month’s data reveals some interesting trends.
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