RealtyTrac: 54% of Major Markets Reach 8-Year High Volume
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Realty Trac VP Daren Blomquist says the recent global stock market instability has not weakened the housing recovery.
IRVINE, CA—RealtyTrac has released its August 2015 U.S. Home Sales Report, which shows single family home and condo sales through August were on pace for an eight-year high nationwide and in 110 out of 204 (54%) metropolitan statistical areas with sufficient sales data.
A total of 1,947,028 US single family homes and condos sold through August in 2015, up 5.4% from the same time period a year ago to the highest total for the first eight months of the year since 2007, when there were 2,069,963 sales. The 110 metro areas on pace for at least an eight-year high in home sales through August included Los Angeles, Phoenix, Dallas, Denver, Riverside-San Bernardino in Southern California, Detroit, Seattle, Tampa, Minneapolis and Portland….
