Items Tagged with 'Existing home sales'

ARTICLES

Home sales decrease for first time in months

Two main factors holding back sales
Home sales are down for the first time since November while home prices continue to rise, albeit at a slower pace. The National Association of Realtors explains two major factors contributing to the sudden drop in home sales, and what it means for the remainder of 2016.
Read More

California home sales come tumbling back down to earth

Home values remain strong
Just one month after posting a nearly four-year high, home sales in California took a step backwards in the month of July, with year-to-date sales falling from the previous year for first time in 18 months, according to a new report from the California Association of Realtors.
Read More

Home sales are rising, so why isn't inventory going up?

First-time homebuyers play a key role
Two facts stand out in today’s housing market: rising home sales and flat/falling inventory. But if people are buying more homes, why aren’t there more homes for sale? Genworth Mortgage Insurance's chief economist explains what exactly is going on and what it means for first-time homebuyers.
Read More

California home sales explode in June

Post first double-digit monthly growth since 2011
The Golden State experienced a very good month for real estate in June, as California existing home sales hit a nearly four-year high, according to a new report from the California Association of Realtors. But it's not all good news. Here's the full story.
Read More

Existing home sales grow at highest pace in 9 years

Housing market still needs more recovery
Despite rising home prices and lack of inventory, existing home sales in May grew at their fastest pace in almost a decade. Not everyone, however, sees this as good news for the market. Zillow's chief economist points out that, while encouraging, the market still has a long way to go.
Read More

Existing home sales manage to increase two months straight

Overcomes low inventory, rising home prices
Last month's existing home sales marked a real rebound in sales after choppiness in activity this year from unevenness in the rate of new listings coming onto the market. Turns out, existing homes sales managed to do it again, moving higher for the second consecutive month despite rising home prices and low housing inventory.
Read More