US Home Sales Rise – Why Buyers Bought in Slow Month
Real Estate Property Sales Increase
Sales of previously owned homes soared 7.4% in the traditionally slow month of November as buyers looked to take advantage of a tax credit for first-time purchases, an industry group said this morning.
Sales of single-family houses, town homes, condominiums and co-ops rose to a seasonally adjusted annual rate of 6.54 million units in November, the National Assn. of Realtors in Washington said.
That is 44.1% above the 4.54 million sales pace of November 2008.
The 7.4% rise reported today was compared with sales in October 2009.
The median price for all types of existing homes was $172,600 in November, a 4.3% drop from November 2008. Distressed properties accounted for 33% of sales in November, the Realtors group said.
CLICK HERE to read story
This blog post is brought to you by SimplifyEm Pay Rent Online and Property Management Software
This blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies is brought to you by SimplifyEm Pay Rent Online and Property Management Software
|
It looks like you're new here, cool beans!
Check out our feed, or subscribe to get email updates. By the way, what do you think about our Property Management Software? |
You might also want to read:
- Dayton Firm Provides Remedy for Home Sellers in Slow Market Property management firm streamlines the process of converting a home to a rental property, handling all the details, from finding qualified tenants and leasing to making repairs and doing yard work......
- Has home construction bottomed out? What does the latest data tell? Home building rebounded from a six-month low in November, with improvement in new home construction in all sections of the nation, according to a government report issued Wednesday. Construction of new homes rose to an annual rate of 574,000 during the month, 8.9% above the revised October rate of 527,000.......
- US Home Buyers find slice of luxury within reach About 4% of the population earns more than $200,000 a year and can afford a $1 million dollar home in USA. With rates being so low the mortgage payment would meet the lending ratios of mortgage lenders. During the speculative real estate years, most homes were getting out of the......
- Largest Rise in New Home Sales in Eight Years New U.S. home sales rose by the largest amount in more than eight years last month. The last time sales rose so dramatically was in December 2000. Is this a sign that the housing market is finally bouncing back from the worst downturn in decades? Sales rose 11 percent......
- Home Sales to Increase, According to Index For the third month in a row, the number of people who signed contracts to purchase homes increased. This is another sign that the housing market may have begun to recover. The National Association of Realtors said its index of pending-home sales rose 6.7% in April to 90.3 from 84.6......
