Pending Home Sales Decline in August but Remain Above a Year Ago Pending home sales slipped in August with a mixed regional performance but are higher than a year ago, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, declined 1.2 percent to 88.6 in August from 89.7 in July but is 7.7 percent above August 2010 when it stood at 82.3. The data reflects contracts but … (0 comments)
real estate market: August Existing-Home Sales Leap Despite Headwinds
- 09/21/11 07:01 AM
What's happening in the real estate market? What do numbers indicate? Existing-home sales increased in August, even with ongoing tight credit and appraisal problems, along with regional disruptions created by Hurricane Irene, according to the NATIONAL ASSOCIATION OF REALTORS®. Monthly gains were seen in all regions. Total existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 7.7 percent to a seasonally adjusted annual rate of 5.03 million in August from an upwardly revised 4.67 million in July, and are 18.6 percent higher than the 4.24 million unit level in August 2010. Lawrence Yun, NAR chief economist, … (0 comments)
real estate market: Windows of Opportunity Beginning to Close for Sellers
- 09/19/11 06:51 AM
Thinking of selling your home? There's a window of opportunity to sell your home at a higher price... We have suggested that sellers who need to sell within the next 18 months had a ‘window of opportunity’ to sell at higher prices. They needed to put their houses up for sale immediately before a flood of distressed properties were introduced to the market. This window is beginning to close. The paperwork challenges faced by banks that caused a delay in the foreclosure process over the last ten months are starting to clear. It seems that these houses are now coming to … (1 comments)
Pending home sales declined in July but remain well above year-ago levels, according to the National Association of Realtors®. All regions show monthly declines except for the West, which continues to show the highest level of sales contract activity.
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, slipped 1.3 percent to 89.7 in July from 90.9 in June but is 14.4 percent above the 78.4 index in July 2010. The data reflects contracts but not closings.
Financial News Icons Say Now Is the Time to BUY! June 7, 2011 Always on the search for news and information that can help people make an informed decision on buying and selling real estate, today's article gives you insight from Financial News Icons that Say... Now Is the Time to BUY! From today's Keeping Current Matters Blog We received some tough news on housing last week. Prices are still softening. There was a lot … (0 comments)
Are we on track to housing recovery? Check out this article to found out where we are with the housing market compared to last year's numbers....;)
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