Home resales slipped more than 5 percent last month, putting a damper recent housing market enthusiasm. According to the National Association of REALTORS®, Existing Home Sales fell to 4.37 million units in June 2012 on a seasonally-adjusted, annualized basis. This is 250,000 fewer home sales per year as compared May's figures which NAR has … [Read more...]
Swing Into Spring — Existing Home Sales Stay Strong
March 22, 2012 by Leave a Comment
The market for home resales is strong. Last month's sales data represents a 9 percent improvement from the year prior. Despite sparse home inventory, 4.59 million existing homes were sold in February on a seasonally-adjusted, annualized basis, according to the National Association of REALTORS®. An "existing home" is a home that cannot be … [Read more...]
Pending Home Sales Index Rises Back Above 100
December 30, 2011 by Leave a Comment
Low home prices and mortgage rates have combined to push home affordability to record levels nationwide. Home buyers are taking advantage. The Pending Home Sales Index rose 7 percent in November to rise to its highest level since April 2010, the last month of last year's home buyer tax credit program. The Pending Home Sales Index is … [Read more...]
Existing Home Sales Hits 10 Month High — Buyer Demand Strong
December 22, 2011 by Leave a Comment
Another strong showings from the housing sector: home resales hit a 10-month high in November. Existing Home Sales nationally rose 4 percent in November over October 2011.* North Texas followed the national trend:** Sales up 4.5% November vs October Inventory down 24.1% November vs October There is a 5.9 month inventory … [Read more...]
Pending Home Sales Surged In October
December 2, 2011 by Leave a Comment
If you're waiting for home prices to reach its bottom, you may have missed your window. After 3 consecutive months of easing, the Pending Home Sales Index jumped 10 percent in October, lending credence to the belief that housing is in recovery. The Pending Home Sales Index is a monthly publication from the National Association of REALTORS®. It … [Read more...]
More Sales, Less Inventory : Home Prices Headed Higher?
November 23, 2011 by Leave a Comment
The housing market continues to signal that a broad rebound is underway. In October, despite sparse home inventory, the number of properties sold increased 1.4% nationwide. October Existing Home Sales gained 70,000 units as compared to September, registering 4.97 million existing homes sold overall, according to the National Association of … [Read more...]
Home Resales Stay Strong, Despite 18% Contract Failure Rate
October 21, 2011 by Leave a Comment
Despite fewer homes for sale nationwide, the number of home resales remains steady. On a seasonally-adjusted, annualized basis, September's Existing Home Sales eased by 150,000 units, falling to 4.91 million units nationwide, according to data from the National Association of REALTORS®. An "existing home" is a home that's been previously … [Read more...]
Collin County Existing Home Sales UP for August
October 20, 2011 by Leave a Comment
Q. When are market stats interesting? A. When they tell a story of improving activity for home sales in the Collin County area. Always the optimist, I look for every excuse to celebrate economic improvements, especially related to the housing industry. Understand, I sell real estate for a living and have had my nose in the local business … [Read more...]
Existing Home Sales Jump; Home Supplies Falling
September 27, 2011 by Leave a Comment
Are home resales rebounding? According to the National Association of REALTORS®, Existing Home Sales rose 8 percent in August from the month prior, and 19 percent as compared to August of last year. "Existing homes" are homes that are previously owned; ones that cannot be considered new construction. A total of 5.0 million existing homes … [Read more...]
