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Items Tagged with 'December'

ARTICLES

New home sales fell 7% in December

Market inventory reaches a 5-month supply
New home sales maintained a downward trajectory in December, falling 7% below November’s revised rate of 445,000 unit sales to a seasonally adjusted annual rate of 414,000 units. But this is still 4.5% above year earlier levels.
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Foreclosures, short sales increased 1% in Dec.

Overall distressed activity subsides
Foreclosures and short sales remained relatively frozen in December, with U.S. residential properties, including single-family homes, condominiums and townhomes, selling at an estimated annual pace of 5.16 million in December, a less than 1% increase from November and a 10% increase from a year ago, the latest RealtyTrac report found.
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