March 24, 2017

Monthly Foreclosures Top New Home Sales

After a tally of 325,999 to 276,000, the number of foreclosure filings in July was greater than the number of new homes sold. The Department of Commerce announced in a report today [.pdf] that new home sales have dropped 32.4% since last July. Similarly, yesterday the National Association of Realtors announced that total existing home sales have dropped 27%.

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