We told respondents, “Please think of the number of non-REO listings you currently have and then specify the number of home sellers by motivation. If more than one motivation applies, please select the single motivation that is most …
As I’ve noted before, I believe this gap was caused by distressed sales – in many areas home builders cannot compete with REO sales, and this has pushed down new home sales while keeping existing home sales activity elevated. …
Existing home sales rose in June and inventory fell: Existing- home sales rose for the third consecutive month with inventory easing and home prices declining.
Existing- home sales – including single-family, townhomes, condominiums and co-ops – increased 3.6 percent to a seasonally adjusted annual rate of 4.89 million units in June from a downwardly revised pace of 4.72 million in May, …