Existing home sales beat expectations for the second consecutive month in October, rising 2 percent from September to 5.6 million units at a seasonally adjusted annual rate (SAAR), according to the National Association of Realtors. Demand for homes remains very strong, and existing home sales are now up 5.9 percent from a year earlier, the strongest pace of annual growth since January.
Residential Products Online content is now on probuilder.com! Same great products coverage, now all in one place!
billboard
ADVERTISEMENT
leaderboard2
ADVERTISEMENT
Related Stories
Existing-home sales figures for March were 5.2 percent above the previous year’s totals, the ninth consecutive month in which this has occurred, according to the National Association of Realtors.
Total existing-home sales in 2012 were the highest in five years, while the annual price rose the most since 2005.
Annual home value growth could peak one more time before slowing at the start of 2023
Sales are on the rise, but housing inventory can’t keep up
Existing-home prices have continued to show gains in June, although sales fell due to tight supply of affordable homes, according to the National Association of Realtors.
Easing mortgage rates and continued housing demand helped buoy new-home sales in January, further boosting builder confidence
boombox2
ADVERTISEMENT
boombox1
ADVERTISEMENT
halfpage1
ADVERTISEMENT
native1
ADVERTISEMENT
catfish1
interstitial1