Walking you all the way home.
Search Homes My Blog Testimonials Home Contact Us

My New Blog

October Existing-Home Sales Rise, Unsold Inventory Continues to Decline
November 22nd, 2011 7:28 PM

Washington, DC, November 21, 2011

Existing-home sales improved in October while the number of homes on the market continued to decline, according to the National Association of Realtors®.

Total existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 1.4 percent to a seasonally adjusted annual rate of 4.97 million in October from a downwardly revised 4.90 million in September, and are 13.5 percent above the 4.38 million unit level in October 2010.

Lawrence Yun, NAR chief economist, said the market has been fairly steady but at a lower than desired level. “Home sales have been stuck in a narrow range despite several improving factors that generally lead to higher home sales such as job creation, rising rents and high affordability conditions. Many people who are attempting to buy homes are thwarted in the process,” he said.

http://www.realtor.org/press_room/news_releases/2011/11/ehs_oct


Posted in:General
Posted by Teresa Molina on November 22nd, 2011 7:28 PMPost a Comment

Subscribe to this blog

Archives:

Categories:

My Favorite Blogs:

Sites That Link to This Blog: