Existing home sales soar in March - 04/23/10 09:24 AM
NEW YORK (CNNMoney.com) -- Existing home sales jumped 6.8% in March, with home buyers racing to get a tax credit that expires in April, according to a real estate industry report released Thursday.
The National Association of Realtors reported that existing home sales rose last month to a seasonally adjusted annual rate of 5.35 million units, up from the revised rate of 5.01 million in February. Sales year-over-year were up 16.1%.
Analysts surveyed by Briefing.com had expected the March sales rate to hit just 5.29 million annual units.
Home resales have been above year-ago levels for nine straight months, according to … (0 comments)

Last Week in the News - 04/12/10 01:40 PM
Last Week in the News
The Institute for Supply Management reported the monthly index of non-manufacturing activity rose to 55.4 in March from 53 in February. A reading above 50 signals expansion. Economists had anticipated a reading of 53.3. The reading was the highest since May 2006.
The National Association of Realtors reported that its pending home sales index, a forward-looking indicator based on signed contracts, rose 8.2% in February after a revised 7.8% decrease in January. The February reading was the largest gain since October 2001.
According to the Federal Reserve, consumer credit debt fell in February by $11.5 billion, … (0 comments)

Pending Home Sales Show Healthy Gain, Hint at Spring Surge - 04/07/10 12:54 PM
Pending Home Sales Show Healthy Gain, Hint at Spring Surge
RISMEDIA, April 7, 2010-Pending home sales rose in February 2010, potentially signaling a second surge of home sales in response to the home buyer tax credit, according to the National Association of Realtors.
The Pending Home Sales Index (PHSI), a forward-looking indicator based on contracts signed in February, rose 8.2% to 97.6 from a downwardly revised 90.2 in January, and remains 17.3% above February 2009 when it was 83.2. The data reflects contracts and not closings, which usually occur with a lag time of one or two months.
Lawrence Yun, NAR … (0 comments)

 
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Margie Halem

Margie Halem Team

Rockville, MD

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Long & Foster, Real Estate Inc.

Address: Long & Foster Realtors , 4650 East West Highway, Bethesda, MD, 20814

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