Home resales fell in December to an annual rate of 4.94 million, down from a revised 4.99 million in November, according to the National Association of Realtors. Sales declined in part due to a limited supply of available housing, as the inventory of homes on the market contracted to 1.82 million last month — the lowest level in 12 years. For all of 2012, home sales rose to 4.65 million, a 9.2 percent gain from 2011 and the most since 2007. Sales of expensive properties are rising faster, with NAR reporting that activity involving homes priced at $1 million or more spiked 62 percent last year. Home sales are improving steadily and should continue to do so this year, according to most economists. | Read More
Recent Posts
- DOJ gets its way in buyer broker compensation suit
- Opinion: Why agents are more essential than ever
- Truework and Revvin partner to enhance income verification services for point-of-sale systems
- DataDigest: New data shows how brokerages, agents, landlords & homebuilders were reshaped by the pandemic
- Mortgage applications slump after rates surge to 23-year high
Archives
Categories
- Decor (1,395)
- Energy Saving Tips (15)
- Green Design (22)
- Greening Tips (1,378)
- Home Improvement (2,349)
- Home Remodeling (16)
- Home Security (10)
- Homeowners News (1,265)
- Homeowners News;Top Story (3)
- Housing and Mortgage Trends (1,658)
- Insurance (1)
- Maintenance and Repair (10)
- Safety (4)
- Smart Home Tech (1,118)
- Top Story (106)