If you live out west, there’s good news.
Sales of previously occupied homes in the Western United States climbed in February, as low mortgage rates and cheap foreclosed properties drew in many first-time buyers and investors, according to two reports released Monday.
If you’re in the Midwest, not so much.
Sphere: Related ContentHome sales in the Midwest fell again in February as doubts about the economy and tighter credit requirements stymied potential buyers, according to two reports released Monday.
Existing home sales in the 12-state region slid 18 percent from February last year, according to the National Association of Realtors. The median price in the Midwest declined 8 percent to $131,000 — the second-smallest drop of any region.
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