January Home Sales

More people bought previously occupied homes in January, but sales surged on a rising number of foreclosures and all-cash deals.
The National Association of Realtors say sales of previously occupied homes rose slightly last month to a seasonally adjusted annual rate of 5.36 million. That's up 2.7 percent from 5.22 million in December.
The pace is still far below the 6 million homes per year that economists say represents a healthy market.
Foreclosures represented 37 percent of sales in January. And all-cash transactions accounted for 32 percent of home sales -- double the rate from two years ago when the trade group began tracking these deals. In places like Las Vegas and Miami, cash deals represented half of all sales.

WILX.com is happy to provide a forum for commenting and discussion. Please respect and abide by the house rules:

Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, share your knowledge, and please suggest removal of comments that violate these standards. Comments may take up to 24 hours or longer to appear on the site.

See full commenting rules...
powered by Disqus
WILX 500 American Road Lansing, MI 48911 517-393-0110
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 116737264 - wilx.com/a?a=116737264
Gray Television, Inc.