The “Sold” sign outside a house in Atlanta, Georgia.
Dustin Chambers | Bloomberg | Getty pictures
In February, the sales of previous houses, in the opinion of the National Realtors’ Union, increased seasonally adjustable, annual adjustable, annually to 4.26 million per annum. The industrial analysts waited for a drop of 3%.
Sales were 1.2% lower than in February last year.
This number is based on packages, so the contracts signed in December and January have increased and in a short period of 7% in 7% in a short time. Today the rates are in the range of high 6%.
“Home buyers are slowly enter the market,” said Lawrence Yun, Pomegranate Chief Economist, in release. “Mortgage rates have not changed very much, but more inventory and options leave a pent-up apartment request.”
Sales were above 750,000 dollars in the highest price categories each year. Selling around the price of the media fell by 3% over the year.
In the end of February, inventory 1.24 million units, an increase of 17% over the years, but still a 3.5-month supply in the current sales pace. The buyer and seller are considered a 6-month supply balanced.
“We are still in a relatively intense market situation,” he said.
This tight supply is to put pressure on prices. The cost of a house sold in February was $ 398,400, 3.8% of the same time last year. This is a record high for the month of February. The four geographical areas of the country saw the price increase.
For the first time, buyers made 31% of the market returned to the market, compared to 26% a year ago. Investors, only 16% of sales from 21% to 21% last year, were sold, retreated.
All cash sales remained relatively stable than 32% of sales, which are slightly lower than a year. Cash typically is approved by investors, so it shows that the investor’s sale is reduced, the more owners use the cash.
Although this sales are higher than expected, they are more indicators of more than two months ago. In February, John Burns, a research found in the research and consulting separately, said that this spring was weaker than normal. This sell index fell for the first time in four months.
“Current sales rating remains weak, 53% of the items that report less than normal sales are better than 56%, but it is below January 47%.
