Items Tagged with 'Existing home sales'

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Ten-X predicts increase in January existing home sales

But will struggle with low inventory
After December’s decrease in existing home sales, Ten-X predicts January will bring a fresh start with new increases. It also predicts a continued rise in home prices for the month. Here’s more on the company’s predictions, and how close those predictions were in December.
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Existing home sales close 2016 as best year in a decade

Even after 2.8% decrease in December
Home sales slipped in December, but not enough to keep 2016 from being the best year in a decade for existing home sales. However, despite this slip in home sales, inventory continues to struggle. In fact, housing inventory just hit the lowest level in the history of NAR’s report.
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First American predicts rate increase to bring cool-down in 2017

Home sales for November are up, but not at full potential
Contrary to the generally upbeat tone of the rest of the market, First American predicts that existing home sales will cool off in 2017. The increase in mortgage rates will also create a cooling down in home prices. However, there is still one factor that could change the housing market’s current course.
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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.
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