Recent Figures Show New Home Sales Rise in Pittsfield
Posted on: Mar 06, 2014 07:33:21 AM
Closings stood at 1 in December after being 0 a year earlier and remaining unchanged at 0 in November from a year earlier. New home closings moved from none a year earlier to 1 after the figure moved from none in November 2012 to none in November 2013.
After dropping in November from a year earlier, closings of new and existing homes rose year-over-year in December.
Other Market Trends
Foreclosures and real estate owned (REO) closings increased in December from a year earlier and did not look to be a burden on the market. Combined, foreclosures plus REO closings made up 15.2% of existing home closings, above 12.7% a year earlier. The percentage of existing home closings involving foreclosures declined to 2.2% in December from 4.2% a year earlier while REO closings as a percentage of existing home closings rose to 13.0% from 8.5%.
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