Ithaca New Home Sales Rise According to Latest Numbers
Posted on: Feb 11, 2014 07:17:19 AM
Closings stood at 1 in October after being 0 a year earlier and remaining unchanged at 1 in September from a year earlier. New home closings moved from none a year earlier to 1 after the figure moved from 1 in September 2012 to 1 in September 2013.
Closings of new and existing homes grew year-over-year in October after also rising in September year-over-year.
Other Market Trends
Foreclosures and real estate owned (REO) closings increased in October from a year earlier and did not look to be a burden on the market. Foreclosures and REO closings, taken together, accounted for 5.1% of existing home closings, up from 4.4% a year earlier. The percentage of existing home closings involving foreclosures went from 2.9% in October 2012 to 3.8% in October 2013 and REO closings moved from 1.5% of existing home closings in October 2012 to 1.3% in October 2013.
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