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market report: Existing-Home Sales Continue to Rise - 01/08/10 04:19 PM
According to the National Association of Realtors®, existing-home sales rose again in November as first-time buyers rushed to close sales before the original Nov. 30 deadline for the recently extended and expanded tax credit.
Existing-home sales rose 7.4 percent to a seasonally-adjusted annual rate of 6.54 million units in November from 6.09 million in October, and are 44.1 percent higher than the 4.54 million-unit pace in November 2008. Current sales remain at the highest level since February 2007 when they hit 6.55 million.
"This clearly is a rush of first-time buyers not wanting to miss out on the tax credit, but … (0 comments)

market report: Home Sales Continue Upward Trend - 08/27/09 03:13 PM
According to the National Association of Realtors® (NAR), existing-home sales have increased the past four months in a row, a trend not seen for the past five years. Existing-home sales - including single-family, townhomes, condominiums and co-ops - rose 7.2 percent to a seasonally adjusted annual rate of 5.24 million units in July from a level of 4.89 million in June, and are 5.0 percent above the 4.99 million-unit pace in July 2008.  The last time sales rose for four consecutive months was in June 2004, and the last time sales were higher than a year earlier was November 2005.
"The … (0 comments)

market report: Home Sales Continue Rising Trend - 06/28/09 06:46 PM
According to the National Association of Realtors®, sales of existing homes showed another gain in May, benefiting from favorable affordability conditions and a first-time buyer tax credit. May's increase was the first back-to-back monthly gain since September 2005.
"Historically low mortgage interest rates clearly drew buyers into the market and housing remains very affordable even with a recent up tick in rates," said NAR Chief Economist Lawrence Yun, who expected the improvement. "First-time buyers also are being drawn off the sidelines by the $8,000 tax credit, which is helping to absorb inventory. However, the increase in sales is less than expected … (0 comments)

market report: Existing -Home sales improving - 11/03/08 11:25 AM
After doing some research into existing home sales by the NAR, the market is slowly turning around.
According to the National Association of Realtors®, existing-home sales increased last month as buyers responded to more favorable housing affordability conditions.
Existing-home sales -- including single-family, townhomes, condominiums and co-ops -- rose 5.5 percent to a seasonally adjusted annual rate of 5.18 million units in September from a level of 4.91 million in August, and are 1.4 percent higher than the pace in September 2007.
"The sales turnaround which began in California several months ago is broadening now to Colorado, Kansas, Minnesota, Missouri and … (1 comments)

 
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Phil Kretchmar

Lewisville, TX

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Phil Kretchmar, Realtor, ABR, ASR, e-PRO real estate blog. Links to search for homes and websites to Lewisville, Flower Mound, Highland Village and North Dallas homes for sale.


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