Existing home sales take a nosedive

Screen Shot 2015-12-23 at 10.41.55 AMBy Jann Swanson | Mortgage News Daily

Existing home sales declined considerably in November although the National Association of Realtors®, in reporting the data, blamed in part new disclosure rules that may have delayed some closings. Whatever the reason, the November closed transaction numbers were the lowest in 19 months.

Sales of existing single-family homes, condominiums and cooperative apartments were down 10.5 percent in November to a seasonally adjusted annual rate of 4.76 million. It was the largest slowdown in sales since July 2010 when the monthly drop was 22.5 percent (post-expiration of homebuyer tax credit). Sales in October were revised down from the 5.36 million units reported last month to 5.32 million.

Continued:

 

Share this!

Additional Articles

Top master-planned communities for 2024

By AZ Big Media Here are the Top 10 master-planned communities in Arizona, based on public voting for the 2024 edition of Ranking Arizona, the state’s biggest and most comprehensive business opinion poll. Ranking Arizona

Read More »
News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

December 2015
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031