While they’re still significantly trailing last year’s figures, home sales data from the National Association of Realtors shows that the residential real estate market may be showing more signs of a steady recovery. According to the NAR, the volume of sales jumped a seasonally-adjusted 10 percent in September compared to the previous month. While that […]
Pending Home Sales Drop 1.8% in September
The number of people who signed contracts to buy homes fell in September after two months of gains. The National Association of Realtors said recently that its index of sales agreements for previously occupied homes dropped 1.8% in September to a reading of 80.9. Contract signings fell in every region of the country except the […]
Beige Book Shows Modest Growth But Weak Real Estate Conditions
The Federal Reserve’s popular Beige Book report released this week suggests economic activity across most of the nation is showing signs of “modest” growth, but it’s not enough to improve the country’s anemic jobs picture with the unemployment rate holding at or above 9.5 percent for more than a year. Beige Book findings are based […]
Homebuyer Tax Credit Boosted Home Prices
A new report from FNC says that without the first-time homebuyer tax credit programs that expired earlier this year, home prices nationwide would be significantly lower than they currently are. According to the company’s Residential Price Index, national home prices showed an “abnormal” increase of 10.1 percent during the time the credit was active, and […]
Pending Home Sales Rise 4.3% in August
Pending home sales rose 4.3% in August from the month earlier but remain significantly lower than the year ago, and any “sudden rise in mortgage rates could slow the recovery.” The National Association of Realtors said its pending home sales index, which is based on contracts signed, was 82.3 for the month, up from a […]
Pending Home Sales Ease in Post-Tax Credit Market
Pending home sales edged down with near-term sales expected to be notably lower in contrasts to the spring surge when buyers rushed to take advantage of the home buyer tax credit. Questions or comments? Use the comment link below to contact us. Even though your email address is required to comment, it will NEVER be […]
New Home Sales Jump in June
New Home Sales Jump in June Sales of new homes jumped in June, but it was the second-weakest month on record. New home sales rose nearly 24 percent in June from a month earlier to a seasonally adjusted annual sales pace of 330,000. May’s number was revised downward to a rate of 267,000, the slowest […]
New Home Sales Plunge 33 Percent With Tax Credits Gone
New Home Sales Plunge 33 Percent With Tax Credits Gone Sales of new homes collapsed last month, sinking 33 percent to the lowest level on record as potential buyers stopped shopping for homes once they could no longer get government incentives. The Commerce Department says new home sales fell in May from a month earlier […]
Existing Home Sales Dip in May But Remain at Elevated Levels
Existing Home Sales Dip in May But Remain at Elevated Levels Following two consecutive months of increases, existing-home sales fell slightly from April to May but were still significantly higher than year-ago levels According to the National Association of Realtors report, existing-home sales were at a seasonally adjusted annual rate of 5.66 million units in […]
Housing Index At Highest Level Since ‘07
Housing Index At Highest Level Since ‘07 U.S. homebuilders are growing more optimistic about their fortunes, with many expecting improved sales and customer traffic in coming months despite the end of homebuyer tax incentives. The government incentives helped to boost home sales this spring as many buyers raced to purchase a home in time to […]