Posted To: MND NewsWire
Even as the market share of first-time buyers continued to inch up, overall sales of existing homes declined in August. The National Association of Realtors® (NAR) said today that total existing home sales fell 4.8 percent to a to a seasonally adjusted annual rate of 5.31 million units in August from a slight downward revision of 5.58 million in July. The dip came on the heels of three straight months of increases and despite slowing price growth. Existing home sales are completed transactions that include single family homes, townhomes, condominiums, and co-ops. While August sales were down, NAR notes that sales have now risen year-over-year for 11 consecutive months with August 2015 sales registering a 6.2 percent gain from a year earlier when sales were at a 5.0 million rate. Single...(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/1OLesFY
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