New Home Closings Steady in Dalton According to Newest Figures
Posted on: Apr 06, 2014 07:10:31 AM
Closings of new homes in the Dalton, GA market saw no change year-over-year in January, remaining relatively stable after moving north year-over-year in December from the year earlier. New home closings moved from none a year earlier to none after the figure moved from none in December 2012 to 1 in December 2013. Closings remained level at none from a year earlier after the figure moved from none in December 2012 to 1 in December 2013.
After rising year-over-year in December, closings of new and existing homes declined year-over-year in January.
Other Market Trends
Foreclosures and real estate owned (REO) closings continued to increase in January from a year earlier and remained a drag on the market. Combined, foreclosures plus REO closings represented 65.8% of existing home closings, above 64.8% a year earlier. The percentage of existing home closings involving foreclosures rose to 35.6% in January from 28.7% a year earlier while REO closings as a percentage of existing home closings dropped to 30.1% from 36.1% a year earlier.
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