Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Home sales increased and prices decreased year-over-year in November, according to a monthly report released by real estate data and analysis company Radar Logic Inc. Thursday. Home sales across 25 metro areas nationwide increased 1.5 percent month-to-month and 46.7 percent year-over-year in November, as indicated by transactions completed through the company's Residential Property Index (RPX). The index measures changes in the price per square foot of homes. Transactions increased in nine of the 11 months ending in November 2009, including those from July to October, when sales typically decline. "We believe that the housing market is poised for significant recovery," said Michael Feder, president and CEO of Radar Logic. "Affordability measures are at their highest lev...