Sales usually slow in the fall, but the housing market posted a strong September. The National Association of Realtors says existing home sales in September were up 4.7 percent from August and 8.8 percent higher than September 2014. Existing home sales have posted year-over-year gains for 12 consecutive months. “September home sales bounced back solidly after slowing in August and are now at their second highest pace since February 207,” said NAR chief economist Lawrence Yun. “While [...]
Some good news and some not so good news for you this Friday morning. First, the good: Nationwide, distressed sales, which include real estate-owned (REO) properties and short sales, accounted for 9.4 percent of total home sales in July, down 2.1 percentage points from July 2014 and down 0.4 percentage points from June 2015. And now, the not so good: Of the 25 largest core based statistical areas based on loan count, Orlando-Kissimmee-Sanford had the largest share of distressed sales in… See [...]