September Sales Strong as First-Time Homebuyers Hit Stride

First-time homebuyers propelled existing-home sales in September, attaining a 34 percent share of sales for the first time in four years, the National Association of REALTORS® (NAR) reports. All major regions saw an increase in closings last month, and distressed sales fell to a new low of 4 percent of the market.
Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, hiked 3.2 percent to a seasonally adjusted an