ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL - 01/20/2012
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ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL
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ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL
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U.S. existing-home sales rose for the third straight month in December, finishing 2011 with a modest overall increase in sales from the year before, according to a report released today by the National Association of Realtors.
Sales of single-family homes, townhomes, condos and co-ops saw a 1.7 percent rise in 2011, to 4.26 million homes, from 4.19 million in 2010, the report said. Last month, NAR released adjusted estimates for home sales between 2007-10. The 4.19 million cited for sales in 2010 is the "rebenchmarked" figure. Previously reported median home prices or months' supply of homes for sale were not affected by NAR's rebenchmarking.
ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL
In December, existing-home sales rose 3.6 percent year over year and 5 percent month to month, to a seasonally adjusted annual rate of 4.61 million. The national median home price fell 2.5 percent last month, to $164,500. On a monthly basis, unsold inventory fell 9.2 percent in December to 2.38 million, which represents a 6.2-month supply at the current sales pace -- the lowest inventory level since March 2005, the report said.
ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL
Distressed homes, sold at an average 22 percent discount, accounted for 32 percent of sales last month (19 percent were foreclosures, 13 percent were short sales), down from 36 percent in December 2010, the report said. All-cash buyers, most of whom are investors, accounted for 31 percent of purchases last month, up from 29 percent a year ago, according to a separate NAR survey. Investors accounted for 21 percent of sales in December, up from 20 percent a year ago. The share of first-time buyers in the market fell to 31 percent of sales from 33 percent in December 2010.
ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL
In the South, sales rose 3.5 percent year over year and 2.9 percent month to month in December, to 1.76 million. The region's median sales price dipped 1.1 percent to $146,900.
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