Existing Home Sales Decline by -1.7% for September 2012

NAR reported their September 2012 Existing Home Sales. Existing home sales decreased -1.7% from last month and inventories are down to a now tight 5.9 months of supply. Existing homes sales have increased 11.0% from a year ago. Volume was 4.75 million, annualized against August's revised up, from 4.82 to 4.83 million, annualized existing home sales.

Foreclosures in July 2009

I think anyone reading this blog would not be surprised by the jump in foreclosures of 6.74% in one month. That's a whopping 32.32% increase in foreclosures nationwide since July 2008!

360,149 U.S. properties during the month, an increase of nearly 7 percent from the previous month and an increase of 32 percent from July 2008. The report also shows that one in every 355 U.S. housing units received a foreclosure filing in July

That is the 3rd time in the last 5 months for record increases.

We noted this projection of 3.2 million foreclosures by the end of this year.