Home Sales on Track as Prices Rise | Redux

Home Sales on Track as Prices Rise

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A new report shows a slowly healing housing market, over its darkest days but not yet completely healthy.   Existing home sales– the biggest chunk of the housing market–came in as expected at a seasonally adjusted annual rate of 4. 75 million in September, according to the National Association of Realtors. There are some encouraging signs in today’s report.  Though sales fell 1. 7 percent in September compared with a month earlier, they are still up 11 percent over a year ago.   Sales are affected because getting a loan remains difficult, many homeowners owe more on their home than it’s worth and there’s too tight of a supply of homes for sale. Housing is an important part of the economy.   People feel more confident about their finances if their home, often their biggest investment increases in value. Home prices are going up at a pre-recession pace.

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sale seasonally adjusted annual rate Home prices report darkest days Realtors too tight finances homeowners worst healing inventory investment market monthly shows

Home Sales on Track as Prices Rise

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Organization: National Association of Realtors

Overall Sentiment: 0.0738064

Relevance: 0.754641

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Existing home sales had a seasonally adjusted annual rate of 4.75 million.

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Home Sales on Track as Prices Rise

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