New Home Sales Hit Two Year High
New Home Sales
New home sales
The Commerce Department just reported that new home sales in July match the numbers seen in May, which were the highest numbers since April 2010.
New home sales have increased 25% in the past 12 months! So, even though they remain below the typical annual numbers, many believe this is another sign that the housing market is slowly recovering.
Obviously, the two main factors driving the new home sales recovery are today’s near record low interest rates for home mortgages combined with the fact that home prices are still well off their peaks sat in 2005. Read more 
Home Sales – May 2012
Home Sales – May 2012
Home Sales – May 2012
CoreLogic of Santa Ana California, a New York Stock Exchange company that provides nformation and business services, released its May home price index. This report showed that nationwide May 2012 sales increased by 2% over the same period a year ago. The May 2012 sales marked the third consecutive increase in home sales nationwide on both the year-over-year and a month over month basis. Read more
Home Sales – The Good News Continues
Home Sales
Home sale
Yesterday, the latest Standard & Poor’s/Case-Shiller index was released. This index showed that of the 20 major US cities tracked in this index, 19 of them showed home prices increases in April as compared to the March prices. National home prices showed an increase of 1.3% in April, this was the first increase in seven months! Read more
New Home Sales Off – Prices Up
New Home Sales
This morning the Commerce Department just reported that new-home sales dropped 1.6 percent in February to a seasonally adjusted annual rate of 313,000 homes.
New home sales have fallen nearly 7 percent just since December. The current pace of sales is less than half the 700,000 that economists consider to be healthy.
Housing Recovery?
Housing Recovery
This morning the National Association of Realtors reported that existing-home sales fell 0.9% in Febraury to an adjusted annual rage of 4.59 million in February from an upwardly revised 4.63 million in January.
Many economists had expected home sales to have risen in February. Read more
Home resales jump to 1-1/2 year-high
Home resales
home resales
The National Association of Realtors just reported that existing home sales increased 4.3 percent to an annual rate of 4.57 million units last month, the fastest pace since May 2010.
All four regions of the country experienced home resale gains in January. But, here in the Western region we experienced the largest gain in home resales with 8.8% increase! the sales figures were tempered somewhat by the large revision in the in the home resale numbers for December 2011. December’s sales data was revised down to show only a 4.38 million unit sales rate rather than the previously reported 4.61 million unit pace. Read more
Pending Home Sales Fall 11Percent In The West
Pending Home Sales
pending home sales
The National Association of Realtors® reported today that after reaching a 19-month high, pending home sales eased in December.
Lawrence Yun, NAR chief economist, said the trend line remains positive. “Even with a modest decline, the preceding two months of contract activity are the highest in the past four years outside of the homebuyer tax credit period,” he said. “Contract failures remain an issue, reported by one-third of Realtors® over the past few months, but home buyers are not giving up.” Read more
Home Sales Increase
Home Sales
Bob Schwartz, real estate broker
The National Association of Realtors just reported that home sales increased 5 percent in December to the best level since January 2011 and the third straight monthly increase.
Home sales for2011, totaled 4.26 million. That’s up from 4.19 million the previous year, but, below the 6 million that economists equate with healthy housing markets.
The median home sales price in December rose 2.3 percent to $164,500. Read more
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