Comments on: Sales of New Single Family Homes Rises Over Six Percent

By: Mortgage Applications Are Up This Week, Do You Know Why?

Mortgage Applications Are Up This Week, Do You Know Why? — Thu, 10 Dec 2009 05:10:27 +0000

[...] and bankruptcy filings, loan modification programs under scrutiny, along with record low rates, new home sales rising, pending home sales rising and home prices recovering… it’s a unique environment [...]

By: Doug Francis

Doug Francis — Sun, 29 Nov 2009 14:50:23 +0000

I think it will be interesting to look at the total number of home sales in 2009 against a 20 year chart. And then compare the national total sales volume to a 20 year chart too. I have found that inventory and demand fluctuate wildly from one town or region to another.

I am glad that you mentioned that the numbers used were compared to a post hurricane scenario, especially since my long-term memory was wiped clean when I switched to Windows 7.

By: Danelle Guilbeau

Danelle Guilbeau — Thu, 26 Nov 2009 19:46:30 +0000

Yay!! I was quoted on @agentgenius #agnow !!! http://tinyurl.com/yhxny7b

By: Houstonblogger

Houstonblogger — Thu, 26 Nov 2009 15:03:38 +0000

Just a heads up, those stats for Houston were all single family home sales. New home sales stats vary greatly by market area in Houston.

By: John Badalamenti

John Badalamenti — Thu, 26 Nov 2009 14:33:50 +0000

Two comments: 1-All real estate is local. 2- Mortage rates are currently at historic lows, however, there’s a good chance that when Uncle Sam stops purchasing mortgage backed-securities at the end of March, interest rates could start rising.

By: Ken Montville

Ken Montville — Thu, 26 Nov 2009 14:26:11 +0000

New Home sales are up and Existing Home sales are up. A good sign? Yep. It’s only temporary, though. The tax credit won’t last forever and unless lending loosens up a bit and mortgage rates stay low, we’ll be seeing another downturn by the end of the 3rd quarter or beginning of the 4th quarter in 2010.

The other part of New Home sales is the decrease in inventory (as is Existing Home sales). If builders start going nuts, again, and build on any piece of vacant land they can find, they’ll find themselves in the same hot water. Let the inventory shake out. Supply and demand. If we can get the supply down to a level that matches the number of buyers that are both financially qualified and motivated to purchase, we’ll see some light at this end of this long, dark tunnel.

By: Short Sales ASAP

Short Sales ASAP — Thu, 26 Nov 2009 11:37:23 +0000

Sales of New Single Family Homes Rises Over Six Percent http://bit.ly/62cceu #shortsale

By: RealEstate Babble

RealEstate Babble — Thu, 26 Nov 2009 10:14:30 +0000

AgentGenius: Sales of New Single Family Homes Rises Over Six Percent http://bit.ly/5p7fqk Full http://bit.ly/5RZsTY

By: Real Estate Feeds

Real Estate Feeds — Thu, 26 Nov 2009 10:12:30 +0000

Sales of New Single Family Homes Rises Over Six Percent: New Construction Stats October’s new home sales stats ar... http://bit.ly/7MXJZU