Pending Home Sales Increase
pending home sales
Pending Home Sales
The national Association of realtors released a report today showing that pending home sales increased by 7.3% in November. the West showed the largest increase for pending home sales of 14.9%. In second place, with an 8.1% increase, was the Northeast. The national pending home sales increase was the largest since April 2010. Read more 
Home Sales Jump in October
Home Sales Jump
home sales
The National Association of Realtors® just reported October Pending home sales rose strongly by10.4 percent to 93.3 in October from 84.5 in September and is 9.2 percent above October 2010! Keep in mind that this data reflects contracts but not home closings.
The National Association of Realtors® chief economist, said: “Home sales have been plodding along at a sub-par level while interest rates are hovering at record lows and there is a pent-up demand from buyers who normally would have entered the market in recent years. We hope this is indicates more buyers are taking advantage of the excellent affordability conditions. Many consumers are recognizing that home buyers in the past two years have had one of the lowest default rates in history. Moreover, continued inventory declines are another healthy sign for the housing market.” Read more
Home Sales Fall
Home sales
home sales
The National Association of Realtors just released a report today showing that existing home sales fell 3% in September. This puts the existing home sales figures on track to at least match last year’s sales which were the worst in the last past 13 years.the good news in this report, was that even though existing home sales were down for September on a month-to-month basis when one compares the home sales on a yearly basis, the September figures were actually ahead by 11.3%! Read more
Home Sales Contracts Fall
Home Sales Contracts Fall
Home sales
The National Association of Realtors said today that its index of sales agreements fell 1.2 percent in August.
Real estate contract signings fell across most of the country, and here in the West they were off 2.4 percent. Read more
New Home Sales At 6-month Low
Home sales
The U.S. Commerce Department reported today that August new-home sales fell 2.3 percent, to a six-month low in August. This marks the fourth straight monthly decline for new home sales.
New-homes sales are on track for the worst year since the government began keeping records a half century ago!
National Association of Home Builders has said that while new homes represent less than one-fifth of the housing market, they have an outsize impact on the economy. Each home built creates an average of three jobs for a year and generates about $90,000 in taxes.
Housing Sales News
Home sales increase
Home sales
Well, today we finally have some good news on the US real estate market. The National Association of Realtors just released the report showing that existing home sales for August rose 7.7%. I’m sure all the national media outlets will be proclaiming the August home sales increase. But, I wonder how many will also report the other major housing news in this report. Yes, the other side of the coin is (as reported in this report) that median price for an existing home in August was down 5.1% from a year ago! Read more