New Home Closings Increase in Sheboygan According to Freshest Data
Posted on: Apr 06, 2014 07:39:44 AM
New home closings moved from none a year earlier to 1 after the figure moved from 1 in December 2012 to 1 in December 2013. Closings stood at 1 in January after being 0 a year earlier and remaining unchanged at 1 in December from a year earlier.
Closings of new and existing homes dropped year-over-year in January after also falling in December year-over-year.
Other Market Trends
Foreclosures and real estate owned (REO) closings continued to increase in January from a year earlier and remained a burden on the market. Foreclosures and REO closings, taken together, represented 52.0% of existing home closings, up from 47.7% a year earlier. The percentage of existing home closings involving foreclosures slid to 19.4% in January from 22.9% a year earlier while REO closings as a percentage of existing home closings grew to 32.7% from 24.8%.
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