Newscruncher is a daily series that breaks down the characteristics of your town by the numbers. You can see more posts by clicking the Newscruncher link above the headline or by checking out our weekend roundups. If you see any technical issues with this map (like an "N/A" value on an important part of town), or if you'd like to suggest ideas for future Newscruncher articles, please email email@example.com.
The map above shows a snapshot of total homes sold in October across Palo Alto.
Despite increasing mortgage rates, October marked the biggest increase in new single-family sales nationwide in over 33 years.
Sales increased by 25.4 percent to a seasonally adjusted annual rate of 444,000 units.
Gains in employment and stock prices are believed to have helped people adjust to this year’s increase in borrowing costs and property values enough to decide to purchase a home.
The data in this map are from Zillow, a real estate Web site. Using your cursor, you can hover over any area of town and see in the box in the upper right hand corner of the map the percentage of homes whose values increased there. Zillow is a Patch Partner.What do you think explains the total homes sold in October across town? Tell us in a comment or a blog post.