Tick, tick ... boom?
While the housing market continues to improve, it's not exactly booming yet. But it is growing, slow and steady, each month.
Home sales through June reached an estimated annualized pace of 5.3 million, up 2 percent from May and 8 percent compared with June 2012, according to the first-ever U.S. Residential Sales Report from California-based RealtyTrac Inc.
Tick tock, tick tock.
The U.S. cracked 5 million in October and it's seen incremental growth since then, RealtyTrac data shows.
By comparison, Pennsylvania came in at 168,326 annualized sales in June. That was 25 percent higher than June 2012, according to RealtyTrac.
Impressive? Certainly. That was the highest percentage change in the nation out of the 35 states that RealtyTrac had data on.
Pennsylvania is trending ahead of the nation on sales of bank-owned properties and short sales. Across the country, bank-owned sales accounted for 9 percent of all residential sales in June, short sales 14 percent.
In Pennsylvania, those percentages were 5 percent and 11 percent, respectively.
Bank-owned sales accounted for 3 percent of sales in Harrisburg-Carlisle, short sales 12 percent. In Lancaster County, those figures were 5 percent and 17 percent, respectively.
Where do we go from here? The clock keeps ticking.
Here are some recent reports on U.S. housing:
Jason Scott covers state government, real estate, media and marketing, and Dauphin County. Have a tip or question for him? Email him at email@example.com. You can also follow him on Twitter, @JScottJournal.