Sales of existing Us homes fell last month, but rose on an annual basis, according to data of the National Association of Realtors.
Total sales fell 3.0 percent to a seasonally adjusted annual rate of 4.91 million in September from a revised plan 5.06 million homes in August. Compared to same time last year, however, sales were 11.3%.
"Existing-home sales have bounced around this year, staying relatively close to the current level in almost every month," said NAR chief economist Lawrence Yun. "The irony is conditions have improved accessibility to historical highs and more creditworthy borrowers are looking to buy houses, but the proportion of failures of contract is double the level of September 2010. Even so, the volume buyers success is more than a year ago and has remained fairly stable-this speaks of a claim was not satisfied. "
The NAR found that 18 percent of its members reported contract failures in September, the same as August but up dramatically from 9 percent from a year ago.
"Throughout the year we discussed the fact that many buyers are home mortgages is denied," said NAR President Ron Phipps. "On top of that, lending limits have been lowered, which means that buyers of higher-priced homes, including many in the markets more expensive housing, now have to pay a higher interest rate for a mortgage jumbo buyers that qualify for a conventional loan. We need to remove the roadblocks for a housing recovery-i.e. no more obstacles in the way of financially qualified buyers.
Regionally, sales increased 2.6 percent in the Northeast, drooped 0.9 percent in the Midwest, fell 2.6 percent in the South and surrounded by 8.8 per cent in the West.
The median price home to the country fell to $ 165,400, down 3.5 percent in September 2010. An important contributing factor to the decline in the price is the amount of distressed homes on the market. The 30 percent of sales they made last month.
Inventory of existing homes fell to 2.0 percent in September, 3.48 million. At the current rate vendito representing a supply of 8.5 months. That is down from a supply of 8.4-month of August.
No comments:
Post a Comment