Items Tagged with 'Existing home sales'

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Existing home sales rebound 5.1% in March

More than 40% of homes sold in less than a month
Existing home sales rose in March, as buyers pushed past "depressed inventory levels and steady price growth" to close on a home. The strength of the market is built on the performance of the mid-priced markets, as sales are softer at the very low and very high ends of the market.
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Ten-X: Existing-home sales likely to decrease in February

Still shows increase from last year
Now that the temporary market setbacks brought on by the implementation of the CFPB's Know Before You Owe rules have mostly passed, the latest numbers for existing-home sales indicate that housing is starting off the year on solid ground. However, this doesn't mean that the year won't come with some challenges.
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Existing-home sales start 2016 at a six-month high

Housing inventory down 2.2% from last year
While existing-home sales started the year off at the highest annual rate in six months, a lack of housing supply continues to hamper growth. Spring is less than a month away, and total housing inventory is 2.2% lower than a year ago.
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New home sales beat expectations, rise 10.8%

Fastest pace since February 2015
New home sales kept pace with previous strong economic housing news this month, except its rise isn’t conditional on TRID. In fact, new home sales rose significantly more than the 2.0% expected, rising from 491,000 to a 544,000 unit pace, the fastest pace since February 2015.
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Existing-home sales surge in TRID aftermath

NAR President: Near-term challenges still prevalent
The immediate impact of the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosures rule in October is quickly coming to light as existing-home sales bounce back after November’s steep drop. But before celebrating, NAR President Tom Salomone cautioned that data is still showing longer closing timeframes, which is a reminder that the near-term challenges they anticipated are still prevalent.
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Existing-home sales projected to recover from TRID aftermath

Don’t read too much into November’s lackluster data
Existing-home sales took a giant, unexpected hit in November, illustrating the impact of the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosure rule. How far will the TRID impact go? Looking at new data, the lackluster data is not projected to last too much longer.
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The TRID effect is real: Existing-home sales fall sharply in November

Closing delays pushing sales into December?
First there was anecdotal evidence that the implementation of the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosures rule in October had caused issues with the housing industry, but now, concrete data is beginning to show just how much the impact of TRID is being felt - and the news isn't great. Click the headline to read more.
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Despite decrease, existing-home sales maintain healthy pace

NAR: “Cooldown in October was likely given”
Although total existing-home sales decreased 3.4% to a seasonally adjusted annual rate of 5.36 million in October, Lawrence Yun, NAR chief economist, said a sales cooldown in October was likely given the pullback in contract signings the last couple of months.
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