WEATHER ALERT
Home sales have dropped to dramatic lows, families being priced out of housing market
Read full article: Home sales have dropped to dramatic lows, families being priced out of housing marketFor the first time since the foreclosure crisis in 2010, home sales have dropped to dramatic lows. And climbing interest rates mean some families are being priced out of the market.
Existing home sales up 4.3% in October, fifth monthly gain
Read full article: Existing home sales up 4.3% in October, fifth monthly gainCHARLOTTE, N.C. – Sales of existing homes rose for a fifth straight month in October, reaching a level not seen since before the housing bubble popped 14 years ago. The National Association of Realtors said Thursday existing homes sales rose 4.3% to an seasonally-adjusted rate of 6.85 million annualized units. The 6.85 million figure is the highest for that data since February 2006 — the eve of when the housing market reached its apex and subsequently collapsed. Realtors and housing market experts have said the housing market is in a different and healthier place than it was the last time sales were at these levels. The inventory of unsold homes sits at 2.5 months' supply, down from 2.7 months' supply in September.