Existing-Home Sales Rise 3.7% in March

Existing Home Sales sales rose 3.7 percent month over month to a seasonally adjusted annual rate of 5.10 million units after an upwardly revised 4.92 million unit pace in February, the National Association of Realtors said on Wednesday. Lawrence Yun, NAR chief economist, expects the improving sales pattern to continue.

NAR: “Existing-home sales have risen in six of the past eight months, so we’re clearly on a recovery path,” he said. “With rising jobs and excellent affordability conditions, we project moderate improvements into 2012, but not every month will show a gain – primarily because some buyers are finding it too difficult to obtain a mortgage. For those fortunate enough to qualify for financing, monthly mortgage payments as a percent of income have been at record lows.”

Create Content With AI

Risk Our Money Not Yours | Get 50% Off Any Account

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


*

This site uses Akismet to reduce spam. Learn how your comment data is processed.