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 
Home Prices – Home Sales Drop
The National Association of Realtors (NAR) just reported that existing-home sales slipped in April, although the market has managed six gains in the past nine months.
The national median existing-home price for all housing types was 5.0% below April 2010 prices. Distressed homes accounted for 37% of sales in April, down from 40% in March; they were 33% in April 2010.
Single-family home sales slipped 0.5% to a seasonally adjusted annual rate of 4.42 million in April from 4.44 million in March, and are 12.6% below the 5.06 million pace in April 2010. The median existing single-family home price was 5.4% below a year ago. Read more
Decline in Real Estate Sales Much Greater Than Reported
Real Estate Sales
When the major services want the latest on real estate trends they almost inevitably report (verbatum) the news release from the National Association of Realtors. Personally, I’ve never seen any news service question the accurracy of the NAR Statistics, at least until now.
CoreLogic, collects public and private sector data and has more than 10,000 employees. Read more
Pending Home Sales Increase
home sales
The National Association of Realtors reported that its seasonally adjusted index for existing home sales rose 5.2 percent in July vs. June.
But, don’t start to jump up & down yet, because the index was still down 19 percent from the same month last year. June’s reading was the lowest on records dating to 2001. Read more
Home Sales Drop 18.6%
Home sales
The National Association of Realtors released a report today showing that pending home sales declined in June by 18.6% below June 2009 pending home sales level.
The National Association of Realtor’s chief economist, Lawrence Yun, said: “There could be a couple of additional months of slow home-sales activity before picking up later in the year, provided the job market continues to improve. Over the short term, inventory will look high relative to home sales. However, since home prices have come down to fundamentally justifiable levels, there isn’t likely to be any meaningful change to national home values.” Read more
Home Resales Hit 5 Month High
home sales
The National Association of Realtors, yesterday, said home resales rose 7.6% to an annual rate of 5.77 million . Sales surged 22.8% vs. a year ago. The median existing-home price rose 2.1% vs. March and 4% vs. a year earlier.