Keyword: home sales
Resale home sales rise for third consecutive month
Existing home sales Resale home sales for December rose 5.0 percent to a seasonally adjusted annual rate of 4.61 million in December after jumping 4.0 percent in November, according to the National Association of Realtors who reports sales are 3.6 percent higher than in December 2010. Sales data is still far below what economists consider to be a healthy real ...
Existing home sales slump lower than expected, cancellations plague market
Existing home sales slump Pointing to cancellations of pending contracts as the current depressor of existing home sales, the National Association of Realtors reports today that sales dropped 3.5% in July. Compared to July 2010, sales have dropped 21% with the primary cause echoing last month’s challenge of “cancellations caused largely by declined mortgage applications or failures in loan underwriting ...
Existing home sales are up and prices are down – is a recovery coming?
Swinging the pendulum These past few years have been nothing short of a roller coaster ride and economists still do not agree as to when a recovery will arrive and at what pace. Each leading economic indicator is produced by a different company and is used by different analysts for different reasons. For example, traditional news outlets and national forecasters ...
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Existing Home Sales Dip a Bit Nationally in February
Distressed homes account for 35% of sales Data released today by the National Association of Realtors shows existing-home sales (finalized transactions) dipped nationally in February but didn’t under perform in all areas, with “modest gains in the Northeast and Midwest offset by softer sales in the South and West.” Existing home sales slipped 0.6% nationally in February but sales are ...
New Home Sales Fall 7.6% But it’s Not All Bad News
Census and HUD say new home sales fell Today in a joint release between the U.S. Census Bureau and the Department of Housing and Urban Development, sales of new single family homes in December 2009 fell 7.6%, the second month in a row of declining sales. New home sales for the entire year fell 22.9% to a record low of ...
Home Sellers Trending Toward Keeping Original Listing Price
Price reductions remaining low With only 21% of homes reporting at least one price cut of their original asking price during the last month, fewer sellers are slashing their home prices, according to Trulia.com who reported 22% in December 2009. The average reduction remains at 11% across the nation. While the South experienced 20% of listings having price reductions, the ...
10 Mistakes Sellers Make
Awesome. This is awesome. I want to put this video on all of your blogs FOR you so your sellers can see it; this is really clever. It’s rare that a non-real-estate-produced piece is done with an understanding of the content (like this video for example), but this is done in a clear, concise way that explains to sellers what ...
Home Resales Rise More Than Expected
Home Resales Rose American home resales rose in September more than forecasted- according to NAR, purchases of existing homes jumped 5.5 percent last month to a 5.18 million annual pace, the highest level in the last 12 months while the median national price dropped 9 percent. Sales rose 1.4 percent compared with a year earlier, the first year-over-year increase since ...
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