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At December's sales pace, it would take 3.3 months to exhaust the current inventory of existing homes, up from 3.1 months a year ago. A four-to-seven-month supply is viewed as a healthy balance ...
At September's sales pace, it would take 4.3 months to exhaust the current inventory of existing homes, the highest since May 2020 and up from 3.4 months a year ago.
The nationwide median sale price for existing homes in January clocked in at $379,100, up 5.1 percent from last year and the seventh month in a row to record year-over-year increases.
At May's sales pace, it would take 3.7 months to exhaust the current inventory of existing homes, up from 3.1 months a year ago. A four-to-seven-month supply is viewed as a healthy balance between ...
Because new home sales trigger consumption, they have significant market impact upon release. New home sales also serve as a good indicator of economic turning points due to their consumer income sensitivity. Generally, when economic conditions slow down, new home sales serve as an early indicator of such a depression. [citation needed]
The decrease in existing-home sales is the steepest since 1989. In Q1/2007, S&P/Case-Shiller house price index records first year-over-year decline in nationwide house prices since 1991. [ 55 ] The subprime mortgage industry collapses, foreclosure activity increases [ 56 ] and rising interest rates threaten to depress prices further as problems ...
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related to: adding new roof to existing home sale inventory record- 6475 E. Main St.Suite 112, Reynoldsburg, OH · Directions · (614) 808-4617