Home sales continued to mark increasing prices in August as sales saw an expected decline with the end of the summer, according to a new report on the national market from the National Association of Realtors.
In the Midwest existing home sales declined 1.5 percent to 1.28 million, but that figure represented a year-over-year increase of 5.8 percent.
Perhaps the best news in the report is that first-time homebuyers are making a come-back. Their participation in the market rose to 32 percent, up from 28 percent in July and matching the highest share of the year set in May. Year-over-year it represented a 3 percent increase.
Read more at Chicago Agent Magazine here.