real estate market: Pending Home Sales Point To Seller's Market This Summer
- 04/29/11 02:39 AM
The National Association of REALTORS® Pending Home Sales Index rose for the third straight month last month. A "pending home sale" is a home under contract to sell, but not yet closed. The Pending Home Sales Index rose 5 percent in March, posting its second-highest reading since April 2010. Not coincidentally, that month marked the expiration of last year's federal home buyer tax credit. Home buyers and sellers in Collingswood would do well to watch the Pending Home Sales Index each month. This is because - unlike most government and private data - the Pending Home Sales Index is a … (1 comments)
real estate market: New Home Sales Fall To All-Time, Recorded Low. Maybe.
- 03/24/11 08:26 AM
Sales of newly-built homes plunged 17 percent to an seasonally-adjusted, annualized 250,000 units in February, and the supply of new homes rose to 8.9 months in February - a 1.5 month jump from January. It's the lowest New Home Sales reading in recorded history, according to the Census Bureau, and the third straight report to signal that home values may be slow to rise in Voorhees and nationwide this season. Earlier this week, the National Association of REALTORS® reported Existing Home Sales down 10 percent from February, and the Federal Home Finance Agency said home values slipped 0.3 percent between December … (1 comments)
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