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housing inventory: The Supply Of Available New Homes Just Plummeted - 05/28/10 01:19 PM
The supply of newly-built homes for sales plummeted in April, a positive indicator for the South Orange County housing market as we head into the summer months.
It's no wonder that homebuilders are breaking new ground at the fastest clip in 2 years.
At the current sales pace, the nation's complete supply of new homes would be sold in just 5 month's time. That's more than double the pace of a year ago.
Also, as more good news, in terms of total housing units, the government reports that New Home Sales topped one half-million homes sold for the first time since … (1 comments)
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housing inventory: Home Supplies Tick Higher, Creating An Opening For Today’s Home Buyers - 05/25/10 12:46 PM
Sales of existing homes rose in April, buoyed by an expiring home buyer tax credit and exceptionally low mortgage rates. As compared to March, April's Existing Home Sales rose by 410,000 units nationwide -- the second straight month of large gains. An "existing home" is a home resold by a prior owner (i.e. not new construction). It's a solid report for housing overall, with rising sales suggesting that the real estate market's recovery is ongoing. However, the data presented a mixed message. According to the National Association of Realtors®, although the number of homes sold ticked higher in April, so did … (0 comments)
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housing inventory: As The Supply Of New Homes Grows, So Does The Opportunity For A "Good Deal" - 02/25/10 10:57 AM
The housing recovery showed particular weakness in the New Homes Sales category last month -- good news for homebuyers around the country. A "new home" is a home for which there's no previous owner. New Home Sales fell 11 percent from the month prior and posted the fewest units sold in a month since 1963 -- the year the government first started tracking New Home Sales data. Right now, there are roughly 234,000 new homes for sale nationwide and, at the current sales pace, it would take 9.1 months to sell them all. This is nearly 2 months longer than at … (0 comments)
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housing inventory: Home Inventories Plummet, Foreshadowing Higher Prices By Spring 2010 - 12/23/09 12:30 PM
Home resales are soaring.
For the 4th consecutive month, the Existing Home Sales report revealed what today's buyers and sellers already know -- there's a lot of buyer activity right now.
Existing Home Sales surged 7-plus percent in November, posting its largest number of recorded sales in 33 months. Sales volume is up 44% higher versus last year.
It's another example of the housing market in recovery.
There were other interesting statistics buried in the November data, too. According to the National Association of Realtors:
51 percent of home buyers were first-timers Distressed properties accounted for one-third of all sales The … (0 comments)
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housing inventory: Home Inventories Plummet, Foreshadowing Higher Prices By Spring 2010 - 12/23/09 12:27 PM
Home resales are soaring.
For the 4th consecutive month, the Existing Home Sales report revealed what today's buyers and sellers already know -- there's a lot of buyer activity right now.
Existing Home Sales surged 7-plus percent in November, posting its largest number of recorded sales in 33 months. Sales volume is up 44% higher versus last year.
It's another example of the housing market in recovery.
There were other interesting statistics buried in the November data, too. According to the National Association of Realtors:
51 percent of home buyers were first-timers Distressed properties accounted for one-third of all sales The … (0 comments)
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Bob Phillips, CDPE, SFR South Orange Co., CA
Coto de Caza,
CA
More about me…
Realty ONE Group
Address: 25910 Acero, #100, Mission Viejo, CA, 92691
Office Phone: (949) 643-2100
Cell Phone: (949) 887-5305
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