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Bedford NY Realtor Archives
- #China’s Real Estate Mirage | Armonk Real Estate | Buying Bedford Real Estate ow.ly/YoHI30cRiHI 5 hours ago
- #Italy to give away more than 100 castles | Bedford Corners Real Estate | Buying Bedford Real Estate ow.ly/Y6Z830cRiHe 8 hours ago
- Bedford Town Board #meeting | Bedford Hills Real Estate | Buying Bedford Real Estate ow.ly/7tf730cRiGq 11 hours ago
- Millennials are buying homes | Chappaqua Real Estate | Buying Bedford Real Estate bit.ly/2tsuVJn 12 hours ago
- Used home sales rise 1.1% | Mt Kisco Real Estate | Buying Bedford Real Estate bit.ly/2tynW1j 12 hours ago
- Cladding used in many U.K. high-rises 'combustible' | Mt Kisco Real Estate | Buying Bedford Real Estate bit.ly/2tyIMh6 12 hours ago
- China’s Real Estate Mirage | Armonk Real Estate | Buying Bedford Real Estate bit.ly/2tyQ6tk 12 hours ago
- Italy to give away more than 100 castles | Bedford Corners Real Estate | Buying Bedford Real Estate bit.ly/2tDN6M3 12 hours ago
- Bedford Town Board meeting | Bedford Hills Real Estate | Buying Bedford Real Estate bit.ly/2t2wiAu 12 hours ago
- New home sales rise | Katonah Real Estate | Buying Bedford Real Estate bit.ly/2t5yYhL 12 hours ago
- Why Grenfell Tower Burned | Bedford Corners Real Estate | Buying Bedford Real Estate bit.ly/2t2YzqR 12 hours ago
- New home sales rise | Katonah Real Estate | Buying Bedford Real Estate ow.ly/pLSQ30cRiFQ 14 hours ago
- #Cladding used in many U.K. high-rises 'combustible' | Mt Kisco Real Estate | Buying Bedford Real Estate ow.ly/4Pvl30cRiI6 15 hours ago
- #Millennials are buying homes | Chappaqua Real Estate | Buying Bedford Real Estate ow.ly/z1Ic30cRiK1 17 hours ago
- #Used home sales rise 1.1% | Mt Kisco Real Estate | Buying Bedford Real Estate ow.ly/GJlB30cRiIS 17 hours ago
- New #home sales rise | Katonah Real Estate | Buying Bedford Real Estate bit.ly/2t5yYhL 17 hours ago
- House votes to abolish Dodd-Frank | Armonk Real Estate | Buying Bedford Real Estate ow.ly/J96y30cQQ1A 1 day ago
- Mortgage rates average 3.91% | Cross River Real Estate | Buying Bedford Real Estate ow.ly/pIwR30cQQ0r 1 day ago
- NAHB Hombuilder Index Falls | Lewisboro Real Estate | Buying Bedford Real Estate ow.ly/VYpd30cQQbX 1 day ago
- Millennials are buying homes | Chappaqua Real Estate | Buying Bedford Real Estate bit.ly/2tsuVJn 1 day ago
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Cash Finances Smallest Share of New Home Sales Since 2010 | Katonah Real Estate | Buying Bedford Real Estate
– New U.S. single-family home sales unexpectedly rose in September, pointing to sustained demand for housing even as data for August was revised sharply down.
The Commerce Department said on Wednesday new home sales increased 3.1 percent to a seasonally adjusted annual rate of 593,000 units last month, pulling them close to a nine-year high touched in July.
August’s sales pace was revised down to 575,000 units from the previously reported 609,000 units.
Economists polled by Reuters had forecast single-family home sales, which account for about 9.8 percent of overall home sales, falling to a rate of 600,000 units last month.
New home sales, which are derived from building permits, are volatile on a month-to-month basis and subject to large revisions.
Sales increased 29.8 percent from a year ago. They rose in the third quarter compared to the April-June period, indicating strong demand for housing.
Residential construction, however, likely remained a drag on gross domestic product in the third quarter.
Existing home sales, as reported by the National Association of Realtors (NAR), increased 3.2% in September and were up 0.6% from the same month a year ago, as first-time buyers seized a 34% share of sales. Total existing home sales in September increased to a seasonally adjusted rate of 5.47 million units combined for single-family homes, townhomes, condominiums and co-ops, up from a downwardly adjusted 5.30 million units in August.
September existing sales increased in all four regions, ranging from 5.7% in the Northeast to 0.9% in the South. Sales increased by 5.0% in the West in September, despite a 5.3% decrease in the August PHSI for that region. Year-over-year, September sales increased by 2.3% in the Midwest and 1.6% in the West, while falling 0.9% in the South. The Northeast remained unchanged year-over-year for September.
Total housing inventory increased by 1.5% in September, but remains 6.8% lower than its level a year ago. At the current sales rate, the September unsold inventory represents a 4.5-month supply, compared to a 4.6-month supply in August.
The August all-cash sales share was 21%, down from 22% in August and 24% during the same month a year ago. Individual investors purchased a 14% share in September, up from 13% in August and a year ago. The September first-time home buyer share of 34% was up from 31% in August, and 29% from the same month a year ago. Distressed sales, comprised of foreclosures and short sales, fell to 4%, the lowest rate since NAR launched that series in 2008.
The September median sales price of $234,200 was 5.6% above the same month a year ago, and represents the 55th consecutive month of year-over-year increases. The median condominium/co-op price of $222,100 in September was up 6.1% from the same month a year ago.