The National Association of Realtors (NAR) released its existing home sale data for September 2015, showing a 4.7% increase in existing home sale activity from last month. Existing home sales, collected by NAR monthly, is a real estate indicator that measures the number transaction closings from Multiple Listing Services nationwide.
Data collected by FindTheHome shows the seasonally adjusted and annualized number of existing home sales was 5,550,000, up from 5,300,000 reported in August 2015. These existing home resales sold at a median price of $221,900 this month, meaning that median prices fell 2.9% from last month.
Lawrence Yun, the NAR chief economist, noted that this recent jump brought home sale activity to near-record highs. “September home sales bounced back solidly after slowing in August and are now at their second highest pace since February 2007 (5.79 million).”
NAR also reports figures for nationwide existing home inventory. This month, NAR estimates that 2,210,000 homes are on the resale market, down 2.6% from last month. Using figures for existing home inventory and sale rate, NAR determined that the months supply of existing homes is 4.8 months in September 2015.
Regulators authorized AstraZeneca’s coronavirus vaccine for use in adults throughout the European Union on Friday, amid criticism the bloc is not moving fast enough to vaccinate its population.
WASHINGTON (AP) — A former FBI lawyer was sentenced to probation for altering an email that the Justice Department relied on during its surveillance of an aide to President Donald Trump during the Russia investigation.
MADISON, Wis. (AP) — Democratic Gov. Tony Evers lashed out Friday at rival Republicans who tried to repeal his statewide mask mandate, saying killing the order would be a ridiculous move comparable to abolishing speed limits.
COLUMBIA, S.C. (AP) — As some conservatives in South Carolina celebrated getting a bill that would ban almost all abortions in the state past a legislative barrier and likely becoming law, they said they are not finished trying to end all abortions.
A Moscow court on Friday put the brother and several allies of Russian opposition leader Alexei Navalny under house arrest for two months as authorities sought to stymie more protests over the jailing of the top Kremlin foe.