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Forget Home Sales – This is Housing’s Most Encouraging Trend

by Peter Thomas Ricci

Sure, existing-home sales were up, but there was another side of NAR’s report that suggested even better things for housing.

existing-home-sales-market-share-price-range-nar-october-housing-market-recovery

Last week, the National Association of Realtors announced that existing-home sales in October posted their first yearly increase in 12 months, rising 2.5 percent.

Though that was no doubt a positive stat, it was hardly the most encouraging one in NAR’s report. That, it turned out, was buried a bit deeper in a complementary analysis that NAR released, one that we report on in the graph below:

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