Freshest Figures Show New Home Sales Climb in Bangor
Posted on: Jun 06, 2014 07:03:43 AM
New home closings moved from none a year earlier to 1 after the figure moved from 1 in February 2013 to 3 in February 2014.
Closings of new and existing homes rose year-over-year in March after also rising in February year-over-year.
Other Market Trends
Foreclosures and real estate owned (REO) closings rose in March from a year earlier and did not appear to be dragging the market. Combined, foreclosures plus REO closings accounted for 20.7% of existing home closings, above 19.7% a year earlier. The percentage of existing home closings involving foreclosures dropped to 4.3% in March from 9.9% a year earlier while REO closings as a percentage of existing home closings gained to 16.3% from 9.9%.
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