New Home Sales Increase in St. Cloud According to Recent Data
Posted on: Aug 08, 2014 11:51:38 AM
Closings stood at 1 in April after being 0 a year earlier and remaining unchanged at 0 in March from a year earlier. New home closings moved from none a year earlier to 1 after the figure moved from none in March 2013 to none in March 2014.
Closings of new and existing homes jumped year-over-year in April after also rising in March year-over-year.
Other Market Trends
Foreclosures and real estate owned (REO) closings continued to decline from a year earlier in April, but did not look to be a burden on the market. Combined, foreclosures plus REO closings made up 16.9% of existing home closings, below 19.7% a year earlier. The percentage of existing home closings involving foreclosures went from 1.4% in April 2013 to 0.7% in April 2014 and REO closings as a percentage of existing home closings fell to 16.2% from 18.3% a year earlier.
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