Freshest Numbers For Springfield Show New Home Closings Gain
Posted on: Jul 06, 2014 07:35:33 AM
New home closings moved from none a year earlier to 1 after the figure moved from none in March 2013 to none in March 2014. Closings stood at 1 in April after being 0 a year earlier and remaining unchanged at 0 in March from a year earlier.
For new and existing homes, closings sank in April after also declining in March year-over-year.
Other Market Trends
Foreclosures and real estate owned (REO) closings declined in April from a year earlier, but remained a drag on the market. Combined, foreclosures plus REO closings made up 25.6% of existing home closings, below 58.2% a year earlier. The percentage of existing home closings involving foreclosures slid to 6.4% in April from 28.4% a year earlier while REO closings as a percentage of existing home closings dropped to 19.2% from 29.9% a year earlier.
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