Daily Archives: December 21, 2011

Cash Closings

Hanley Wood reported that 39% of year to date closings were cash sales. NAR reported that 28% of November closings were cash. In our market, 18.5% of November closings were cash, so we are below national averages. Advertisements

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National New Home Market-Commerce Department, Hanley Wood, HBA

Building permits in November increased 5.7% from the previous month to a seasonally-adjusted annual rate of 681,000 units. This is the highest building permit activity has been since March 2010. Single-family building permits increased 1.6% from the previous month to … Continue reading

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