The Terre Haute, IN market saw no change in new home closings year-over-year in January, staying relatively stable after having decreased year-over-year in December. New home closings moved from none a year earlier to none after the figure moved from 2 in December 2014 to none in December 2015. Closings remained level at none from a year earlier after the figure moved from 2 in December 2014 to none in December 2015.
Closings of new and existing homes fell year-over-year in January after also falling in December year-over-year.
Other Market Trends
Foreclosures and real estate owned (REO) closings decreased in January from a year earlier, but remained a burden on the market. Together, foreclosures plus REO closings accounted for 25.1% of existing home closings, down from 29.6% a year earlier. The percentage of existing home closings involving foreclosures rose to 16.4% in January from 10.2% a year earlier while REO closings as a percentage of existing home closings declined to 8.7% from 19.4% a year earlier.