Existing Home Sales Climb To A 20-Month Record
January's home resales moved to a 20-month high -- additional evidence that the nation's housing recovery is underway.
January's home resales moved to a 20-month high -- additional evidence that the nation's housing recovery is underway.
The housing market continues to show signs of improvement, propelled by low home prices and the cheapest mortgage rates of all-time.
According to data from the National Association of REALTORS®, on a seasonally-adjusted, annualized basis, December's Existing Home Sales climbed by 120,00 units overall from the month prior on its way to an 11-month high.
The housing market continues to signal that a broad rebound is underway. In October, despite sparse home inventory, the number of properties sold increased 1.4% nationwide.
Nationwide, fewer homes are going under contract to sell.
Existing Home Sales nationwide fell to 4.67 million units on a seasonally-adjusted annualized basis last month. It's the fourth straight month below the 5 million mark, and the report's lowest reading since November 2010.
Home resales slipped 4 percent in May, falling below the 5,000,000-unit mark on a seasonally-adjusted, annualized basis for the first time since February.
Hurt by foul weather and a soft market, the Pending Home Sales Index plunged 12 percent in April.
Existing Home Sales fell 10 percent last month, according to a report from the National Association of REALTORS®.
The housing market continues to expand, and surprise.
The Pending Home Sales Index surged 10 percent in October as low mortgage rates and low home prices spurred buyers into action. The market looks different today, however.