New Home Closings Rise in Sioux City According to Recent Data
Posted on: Dec 06, 2013 07:44:24 AM
New home closings moved from none a year earlier to 1 after the figure moved from 1 in July 2012 to 1 in July 2013. Closings stood at 1 in August after being 0 a year earlier and remaining unchanged at 1 in July from a year earlier.
For new and existing homes, closings sank in August after also declining in July year-over-year.
Other Market Trends
Foreclosures and real estate owned (REO) closings continued to decline from a year earlier in August, but did not appear to be dragging the market. Combined, foreclosures plus REO closings made up 12.9% of existing home closings, below 20.0% a year earlier. The percentage of existing home closings involving foreclosures rose to 9.7% in August from 2.5% a year earlier while REO closings as a percentage of existing home closings declined to 3.2% from 17.5% a year earlier.
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