Existing Home Sales Higher
Existing home sales up for 3rd. consecutive month in July
San Diego real estate pent up demand
Here in the Western region, existing home sales rose 3.2 percent to an annual rate of 1.28 million in July, and are 11.3 percent above a year ago. The median price in the West was $327,400, which is 8.4 percent above July 2014.
Existing home sales in the South increased 4.1 percent to an annual rate of 2.29 million in July, and are 9.6 percent above July 2014. The median price in the South was $203,500, up 7.0 percent from a year ago.
The Northeast was the only region to show a home sales drop for July. The Northeast decreased 2.8 percent to an annual rate of 700,000, but are still 9.4 percent above a year ago. The median price in the Northeast was $277,200, which is 1.3 percent higher than July 2014. In the Midwest, existing-home sales were at an annual rate of 1.32 million in July, unchanged from June and 10.9 percent above July 2014. The median price in the Midwest was $186,500, up 6.6 percent from a year ago. Read more 
Eco Friendly Home Features
Eco Friendly Home Features Help Sales
Seven Secrets to Eco Friendly Homes that Make Cents … Read more
Real Estate February 2015
Real Estate Market Feb 2015
The National Association of Realtors latest report on the housing market shows that home sales rose a modest 1.2% in February.
The home sales, inventory remains very tight and is limiting the selection of homes for first-time buyers. Last month the home sales inventory was down by half a percent. At this time of year the inventory of homes for sale should be averaging about 5.6%, according to the National Association of Realtors. Read more
Hopeful Signs in the Housing Market
Housing Market Improvement
The National Association of Realtors released a report today on adjusted pending home sales. Pending home sales are when people enter into contracts to purchase homes. The good news is that this figure increased 3.3% from the prior month, unfortunately, the index itself was down 2.1% from the same period a year ago.
On a regional basis, the pending home sales increased in the South and in the West, though the index for both regions remains below its levels seen in July 2013. Read more
Home Sales Fall
Home Sales Fall in December
The National Association of Realtors just reported that pending home sales nationally fell to the lowest point since October 2011.
Although the Association tried to attribute the December decline to nasty weather conditions across the country, the fact remains that this was the seventh straight monthly decline for the index! Read more
New Home Sales Jump
New Home Sales Increase Best in 30 Years!
The Commerce Department reported today that sales in October jumped 25.4 percent to a seasonally adjusted annual rate of 444,000 units. Sales of new U.S. single-family homes had their biggest increase in nearly 33-1/2 years. Read more
Home Sales Hit 6 1/2 Year High
Home Sales
This morning the National Association of Realtors reported that sales of previously-occupied homes rose 1.7 percent last month, hitting a 6 1/2 year high! Keep in mind that these August home sales reflect contracts signed in June and July, when mortgage rates were almost a full percentage point less than today. Read more
Mortgage Rate Increases Kill New Home Sales
New Home Sales
Just out – The Commerce Department reported U.S. sales of newly built home dropped 13.4 percent. That’s the lowest pace in nine months!
Up to this point, the new home sales rose 7 percent in the 12 months ending in July. Read more
Home Sales for March Improve
March pending home sales improve
The National Association of Realtors just announced that pending home sales increased in March 2013 to the highest rate since April 2010! Home purchase contracts signings rose in the South, West and Midwest, and were unchanged in the Northeast.
Home purchase signed contracts were 7 percent higher than the March , 2012 figures. Read more
Home Prices Up 10.2%
Home Prices Up
CoreLogic, a real estate data provider just reported that home prices in February increased by 10.2% over the year ago period. The February home price increases mark 12 months of annual price improvement.
The gains in home prices were very broadly based with 47 of 50 states showing home price improvement. Read more