New Home Closings Gain in Mansfield According to Newest Data
Posted on: Dec 06, 2013 07:29:13 AM
Closings stood at 1 in August after being 0 a year earlier and remaining unchanged at 0 in July from a year earlier. New home closings moved from none a year earlier to 1 after the figure moved from none in July 2012 to none in July 2013.
Following a year-over-year increase in July, closings of new and existing homes also climbed year-over-year in August.
Other Market Trends
Foreclosures and real estate owned (REO) closings declined in August from a year earlier, but remained a drag on the market. Out of all existing home closings, foreclosures combined with REO closings accounted for 36.1% of closings, below 47.5% a year earlier. The percentage of existing home closings involving foreclosures dropped to 17.8% in August from 36.9% a year earlier while REO closings as a percentage of existing home closings gained to 18.3% from 10.6%.
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