Condominiums are condomaximum in existing home sales

By Jann Swanson | Mortgage News Daily

The National Association of Realtors® (NAR) says existing home sales sustained their recent momentum into April and rose 1.7 percent compared to March. Completed transactions that include single-family homes, townhomes, condominiums and co-ops, sold at a seasonally adjusted annual rate of 5.45 million compared to 5.36 million in March. The March number was revised upward from 5.330 million giving sales two solid months of gains. Sales are now running 6.0 percent ahead of April 2015.

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May 22, 2016

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