Trending Thursday: More McMansions, Ferguson home values and more

Trending Thursday: More McMansions, Ferguson home values and more

Plus the real truth about whether renters really want to buy

Exclusive: Redfin’s chief economist answers 5 tough questions

Nationalizing the GSEs, the silver bullet for Washington policy and more

HUD: Associated Bank ‘redlining’ settlement largest ever

HUD Secretary Castro says settlement “sends a strong message”
W S
The Ticker

Key takeaways on rising home sales

/ Print / Reprints /
| Share More
/ Text Size+

If you exclude November 2009, when home sales spiked amid a frenzy to claim a tax credit for first-time home buyers, home sales are running at their highest rate in six years, writes the Wall Street Journal.

The National Association of Realtors reported on Thursday that sales in May rose to a seasonally adjusted annual rate of 5.18 million homes. They reached a level of 5.44 million in November 2009, and 5.27 million in May 2007, when the housing market collapse accelerated. They hit a low of 3.45 million in July 2010, after the last round of home-buyer tax credits expired.

See the key takeaways from the Wall Street Journal on these rising home prices here
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus