More housing reports released this week show the housing recovery is gaining momentum.
Closed real estate transactions were nearly 18 percent higher in
October compared to year-ago levels, according to the October RE/MAX
National Housing report, which includes MLS data for 52 metro areas.
October -- the latest data available -- also marked the sixteenth month
in a row in which sales were higher to the corresponding month in the
previous year.
According to the RE/MAX report, 48 of the 52 metro areas analyzed
reported higher sales than a year ago, and a record-breaking 40 metros
even saw double-digit increases.
Source: “Sales, Prices Remain Higher Than 2011,” RISMedia (Nov. 27, 2012) and “FHFA Cites Eight Months of Home Price Increase,” HousingWire (Nov. 27, 2012)