Stacie Hartman

The Mortgage Blog of Stacie Hartman

Existing Home Sales Up In August

Sales of existing homes, including single-family, townhomes, condominiums and co-ops, rose 7.6 percent in August but remained below last year’s levels, according to a report from The National Association of Realtors. The median existing-home price was also up, rising 0.8 percent from a year ago. Lawrence Yun, NAR’s chief economist, said home values have been stabilizing over the past year but he expects a slow, gradual recovery because of continued economic uncertainty. Total housing inventory at the end of August was down after months of increases, falling 0.6 percent. More here, here, and here.

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