New Home Sales Gain in Topeka According to Latest Data
Posted on: Dec 06, 2013 07:47:13 AM
Rebounding from a year-over-year decline in July 2013. New home closings moved from none a year earlier to 5 after the figure moved from 5 in July 2012 to 3 in July 2013.
Closings of new and existing homes declined year-over-year in August after also falling in July year-over-year.
Other Market Trends
Foreclosures and real estate owned (REO) closings continued to fall from a year earlier in August, but did not appear to be dragging the market. Combined, foreclosures plus REO closings made up 15.7% of existing home closings, below 23.6% a year earlier. The percentage of existing home closings involving foreclosures declined to 5.3% in August from 11.2% a year earlier while REO closings as a percentage of existing home closings slid to 10.4% from 12.4% a year earlier.
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