New Home Closings Decrease in Terre Haute According to Newest Figures
Posted on: May 13, 2014 07:42:40 AM
In January, the Terre Haute, IN market saw a fall year-over-year in new home closings, sliding after a growth in December 2013. New home closings moved from 1 a year earlier to none after the figure moved from 1 in December 2012 to 2 in December 2013.
New home closings were none out of the 135 total closings, a move on a percentage basis from 1 of 206 a year earlier. 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 fell in January from a year earlier, but remained a burden on the market. Together, foreclosures plus REO closings accounted for 30.4% of existing home closings, down from 30.7% a year earlier. The percentage of existing home closings involving foreclosures rose to 20.7% in January from 12.7% a year earlier while REO closings as a percentage of existing home closings slid to 9.6% from 18.0% a year earlier.
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