Recent Figures Show New Home Sales Level in Terre Haute From Last Year
Posted on: Aug 08, 2014 11:53:13 AM
Closings of new homes in the Terre Haute, IN market remained steady year-over-year in April, staying level after a year-over-year decline in March from the year earlier. New home closings moved from none a year earlier to none after the figure moved from 1 in March 2013 to none in March 2014. Closings remained level at none from a year earlier after the figure moved from 1 in March 2013 to none in March 2014.
Closings of new and existing homes remained steady in April after rising in March year-over-year.
Other Market Trends
Foreclosures and real estate owned (REO) closings continued to increase in April from a year earlier and stayed a drag on the market. Combined, foreclosures plus REO closings represented 29.6% of existing home closings, above 25.4% a year earlier. The percentage of existing home closings involving foreclosures rose to 18.7% in April from 12.4% a year earlier while REO closings as a percentage of existing home closings declined to 10.8% from 12.9% a year earlier.
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