Home Sales Report Shows Improvements

By
Real Estate Agent with RE/MAX Associates RS - 0019092

 

RealtyTrac recently released its 2015 third quarter U.S. Home Sales Report. Here are some of the key findings.

 

  • "An increasing number of homeowners in 2015 have been cashing out the home equity they've gained during the housing recovery of the past three years," says RealtyTrac vice president Daren Blomquist.

 

 

  • Buyers using Federal Housing Administration loans (typically low down-payment loans designed for first-time buyers or those with low equity) accounted for 23.4 percent of all single-family home and condo sales with financing.

 

  • There were 245,220 all-cash sales of single-family homes in the third quarter - 27.8 percent of all single-family home and condo sales.

 

  • There were 15,956 sales of single-family homes and condos to institutional investors - 1.9 percent of all sales, down from 5 percent a year ago.

 

  • 72,218 single-family homes and condos sold were actively in the foreclosure process - 8.1 percent, a 15-year low.

 

  • 72,245 single-family homes and condos sold were bank-owned - also 8.1 percent of all sales.
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Home Selling
Tags:
condos
single family homes
home value
bank owned
home sellers
value of your home
realty trac
institutional investors
all cash sales

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Rainmaker
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Christopher Pataki

Hockessin Delaware Real Estate
What is Your Home Worth?
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