Items Tagged with 'Existing home sales'

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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.
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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.
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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.
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Despite odds, existing-home sales on track to best year in a decade

NAR forecast for 2016
The positive recent news for existing-home sales is predicted to last through the whole year, meaning 2016 could the best year in a decade. Lawrence Yun, chief economist of the National Association of Realtors, presented his strong outlook for 2016 at this year's Realtors Legislative Meetings & Trade Expo. Here's more of why Yun is so bullish.
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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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