New Home Sales Gain in St. Cloud According to Latest Data
Posted on: Feb 12, 2014 07:21:00 AM
New home closings moved from none a year earlier to 7 after the figure moved from 1 in September 2012 to 2 in September 2013.
Closings of new and existing homes grew year-over-year in October after also rising in September year-over-year.
Other Market Trends
Foreclosures and real estate owned (REO) closings continued to drop from a year earlier in October, but did not look to be a burden on the market. Foreclosures and REO closings, taken together, made up 18.3% of existing closings, lower than 18.5% a year earlier. The percentage of existing home closings involving foreclosures stayed at no part of closings in October from a year earlier and REO closings moved from 18.5% of existing home closings in October 2012 to 18.3% in October 2013.
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