"distressed sales" tag

Home prices and interest rates

According to RealtyTrac, the median price of residential properties that includes distressed and non-distressed sales was $191,000. This is not only a 3% increase in July from June and an increase of 12% from where it was last year, it’s the highest level for home prices since September 2008.

Inventories vary by market

The National Association of Realtors (NAR) reported an increase of 1.3% in existing home sales in April from March of this year. However, it also found that home sales are almost 7% below the rate set in April 2013.

Prices keep climbing

The figures are in and they show that as the inventory of homes on the market is low, prices are increasing.

How are sales and who’s buying?

Existing home sales, which are completed transactions for all types of housing, increased 0.8% to a seasonally adjusted annual rate of nearly five million in February.

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