Finance & Mortgage

Spring 2016 Draws More Home Buyers, More Money

Spring 2016 comes with a 5.1% increase in the sales of existing homes against the newly built residences in March from the previous month’s 1.5% from a similar period last year. The buyers closed on a total of 5.33 million of townhouses, single-family homes, condominiums and co-ops last month based on the seasonally adjusted figures in a recent report.

UK Home Sales, Mortgage Lending More Than Doubled Ahead of Stamp Duty

Real estate market activities in the United Kingdom have surged as many buyers and sellers tried to beat the stamp duty implementation. Both sales and mortgage lending figures rose more than twice in March compared to a year ago.

Home Sales Volume Above Expectations

The reported volume for March was higher than February's annualized rate of 5.07 million. Previously, projected sales forecast was pegged at 3.5 percent or a volume of 5.30 million units for March. As reported, sales increased by 1.5 percent from last year's volume.
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