Mar
26

Housing Holds

While many fret that existing housing sales have recently been slumping, the angst is misplaced. Since early last year sales have declined 7%, but distressed sales as a percentage of all sales have fallen from 25% of sales to just 15%, a drop of 10 percentage points, more than the 7% drop in sales. Thus, the total volume of non-distressed sales is higher than it was a year ago. Relax.

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  1. […] growing. “The total volume of non-distressed sales is higher than it was a year ago. Relax,” says Eisenberg. Experts indicate that home sales would be up more if the inventory were available. See Low […]

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