Articles Tagged with ''Real estate pricing''

High-End Sales Recovering in Bay Area

Home sales in the San Francisco Bay Area were at their highest July level in four years as activity rose in more expensive neighborhoods, according to MDA DataQuick. There were 8,771 new and resale single-family homes and condos sold in the nine-county Bay Area last month, up 15.6% from 7,586 in July 2008 and up 1.5% 8,664 in June 2009. While the median sales price in the nine-county area was $395,000, down 16% from $470,000 in July 2008, it was up 12.2% from $352,000 in June.
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Existing Home Sales Edge Up in 39 States: NAR

The rate of existing homes sales increased between Q109 and Q209 in 39 states, according to a survey by the National Association of Realtors (NAR). The seasonally adjusted annual rate of national sales of existing single-family homes and condos rose to 4.76m units in Q209, up 3.8% from 4.58m units in Q109, but is 2.9% lower than the 4.9m unit pace in Q208. NAR chief economist Lawrence Yun said the sales gains appear to be sustainable.
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Illinois Realtors See Sales, Prices Improve in July

July’s year-over-year Illinois home sales fell off only 0.1%, and marked the sixth consecutive month of sales increases in 2009, according to the Illinois Association of Realtors. There were 11,407 homes sold in July 2009, compared to July 2008 sales of 11,417 and June 2009 sales of 10,944 homes, a month-over-month increase of 4.2%. The July 2009 median home price was $169,000, down 13.8% from July 2008 ($196,000), but 1.2% higher than June 2009 ($167,000).
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Price Gains Don't Signal Bottom: First American

The year-over-year housing price decline decelerated to its lowest level of the year in June, but that doesn’t mean housing is about to hit bottom, according to officials at First American CoreLogic, a division of The First American Corp [stock FAF][/stock]. National housing prices decreased 7.8% in June 2009 compared to June 2008, according to First American’s Loan Performance Home Price Index (HPI).
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