New Home Sales Gain in Great Falls According to Freshest Data
Posted on: Mar 06, 2014 07:16:30 AM
Rebounding from a year-over-year decline in November 2013. New home closings moved from none a year earlier to 2 after the figure moved from 4 in November 2012 to 2 in November 2013.
Following a drop in November year-over-year, closings of new and existing homes rose year-over-year in December.
Other Market Trends
Foreclosures and real estate owned (REO) closings rose in December from a year earlier and did not look to be a burden on the market. Foreclosures and REO closings, taken together, made up 22.4% of existing home closings, higher than 16.7% a year earlier. The percentage of existing home closings involving foreclosures rose to 6.9% in December from 4.2% a year earlier while REO closings as a percentage of existing home closings rose to 15.5% from 12.5%.
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