existing home sales: DOC New Home Sales and NAR Existing Home Sales - 10/08/14 03:10 AM
The Department of Commerce reported July sales of new homes dropped by 2.40 percent over June to a four month low. Analysts noted that although July's reading of 412,000 new homes sold fell short of expectations and June's reading, the new homes sector is volatile and subject to change.
June's reading of 406,000 new homes sold was revised to 422,000 new homes sold; expectations were based on the original reading. Three of four regions posted a slower rate of growth for home prices with only the South posting a gain.
The average price of a new home in the U.S. rose … (0 comments)

existing home sales: Existing Home Sales Lowest Since 2012! - 03/12/14 04:33 AM
Sales of existing homes fell by 5.10 percent in January according to the National Association of REALTORS.
Pre-owned home sales slowed to a seasonally-adjusted annual rate of 4.62 million homes against an expected reading of 4.65 million and December's reading of 4.87 million existing homes sold.
Rising home prices are reducing the number of affordable homes and a shrinking inventory of available homes were said to be underlying causes to January's slump in existing home sales.
Severe winter weather also contributed to lower sales.
January's reading was the lowest for existing home sales since July of 2012. The national inventory of … (0 comments)

existing home sales: New Home Sales Show Healthy Year-Over-Year Increase - 01/13/14 10:10 AM
The holiday season and winter weather slowed home sales in November. Last week, the NAR reported that sales of existing homes had slumped to their lowest level in nearly a year, but this was not unexpected.  
Short supplies of available homes and rising mortgage rates have increased pent-up demand for homes have kept some buyers on the sidelines.
Improvement In The Labor Market:
4.90 existing homes were sold in November; this was lower than the 5.13 million existing homes sold in October, as well as lower than expectations of 5.00 million existing home sales in November.
Existing home sales for … (0 comments)

existing home sales: Get The Low Down On Pending And Existing Home Sales This Month - 11/27/13 03:35 AM
The National Association of REALTORS reported Monday that pending home sales dropped by -0.60 percent in October after falling at a revised rate of -4.60 percent in September. According to Lawrence Yun, chief economist for NAR, 17 percent of real estate agents reported delays in loan closings due to the government shutdown in early October.
Lenders were unable to verify borrower income through the IRS, which was closed during the shutdown. October was the fifth consecutive month with fewer pending home sales reported.
Homeowners who owe more on their mortgages than their homes are waiting to sell, and recent spikes in … (0 comments)

existing home sales: Existing Home Sales Numbers Show Value Gains Across America - 04/30/13 04:06 AM
The National Association of REALTORS® released its Existing Home Sales report for March on Monday.
Sales dipped from February's seasonally adjusted annual rate of 4.95 million to 4.92 million existing homes sold in March, a decrease of 0.6 percent month-to-month. 
This reading was lower than Wall Street's consensus of 5.03 million existing homes sold, but there is also good news.
Sales of existing homes are up by 10.3 percent as compared to March 2012.
Economists note that existing home sales have performed within a narrow range of 4.90 to 4.96 million since November 2012.
This illustrates the impact of lower numbers … (0 comments)

existing home sales: Rising Sales Prices Are Excellent News For Homeowners Across America - 03/27/13 07:00 AM

The National Association of REALTORS® released its monthly Existing Home Sales report on March 21 and gave investors and home sellers something to cheer about. 
While February sales of existing homes didn't meet investor forecasts of 5.00 million homes sold on a seasonally adjusted annual basis, the actual number of existing (previously owned) homes came close at 4.98 million homes sold.
This number surpassed January's revised reading of 4.94 million homes sold by 0.8 percent.
Sales of existing homes comprise approximately 85 to 90 percent of homes sold in the U.S.
Investors watch existing home sales for evaluating housing markets … (2 comments)

existing home sales: Existing Home Sales Rise As Home Inventory Shrinks - 02/28/13 04:20 AM
Home sales rose for the 11th consecutive month according to the National Association of REALTORS® Existing Home Sales Report for January. This is the first time this has occurred since the period between July of 2005 and May of 2006.
National Average Home Price Up Over 12% Annually:
The national average home price in January was $173,600, which is 12.3 percent higher than for January 2012.
Calculated on a seasonally-adjusted annual basis, Existing Home Sales data is compiled using completed sales of single family homes, condominium units and co-ops.
January's existing home sales rose by 0.4 percent to 4.92 million sales … (2 comments)

existing home sales: Existing Home Sales Jump To 2-Year High - 09/25/12 08:52 PM
The home resale market put forth another strong data set last week. Home sales prices are higher nationwide and sales volume has moved to a 2-year high.
According to the National Association of REALTORS®, 4.82 million "existing homes" sold on a seasonally-adjusted, annualized basis in August, representing a near 8 percent improvement from the month prior and a nine percent jump from August 2011.
An existing home is a home which has been previously occupied.
Home sales were unevenly split across price tiers, with more than half of all homes selling for less than $250,000. This suggests that the first-time home buyers … (0 comments)

existing home sales: Increases in Exsisting Home Sales-Everyone's Buying Now! - 08/23/12 12:32 PM
Home resales climbed 2% last month as the housing market continues its measured, steady recovery.
According to the National Association of REALTORS®, Existing Home Sales rose to 4.47 million units in July on a seasonally-adjusted, annualized basis.
An "existing home" is a home that cannot be classified as new construction and, despite a reduction in the national homes inventory, the number of previously-occupied homes sold in July was higher by 10% as compared to one year ago.
The Existing Home Sales also reported the folliowing :
First-time buyers accounted for 34% of all purchasers, down from 34% in June Real estate … (4 comments)

existing home sales: Existing Home Sales Slip In March - 04/20/12 10:02 PM
In March, for the second straight month, home resales slipped nationwide.
According to the National Association of REALTORS®, March 2012 Existing Home Sales fell to 4.48 million units on a seasonally-adjusted annualized basis -- a 3 percent drop from February.
An "existing home" is a home that's been previously occupied or owned.
The weaker-than-expected Existing Home Sales data is the third such housing report this month to suggest a lull in the spring housing market. Earlier this week, homebuilder confidence slipped for the first time in three months and March Single-Family Housing Starts fell, too.
The news wasn't entirely bad for home resales, … (1 comments)