Items Tagged with 'Existing home sales'

ARTICLES

  • NAR: Existing home sales see first increase in 6 months

    Existing home sales break streak of declines
    After declining for six consecutive months, existing home sales increased in October, rising in three of four major U.S. regions. NAR Chief Economist Lawrence Yun said the increase in housing inventory has brought more buyers to the market.
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  • First American: Mortgage rates overshadowing healthy economy

    Market potential for existing-home sales decrease 0.4% year-over-year
    In October, potential existing-home sales rose from the previous month, but fell below 2017 levels, according to First American’s Potential Home Sales Model. First American Chief Economist Mark Fleming said despite the boost in demand and positive economic environment, the market potential for home sales has outpaced actual existing-home sales for five straight years.
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  • NAR: Existing home sales fall to 3-year low

    Home prices experience the 79th consecutive month of year-over-year gains
    After experiencing a flat August, existing home sales retreated in September, falling to the lowest level in nearly three years. NAR Chief Economist Lawrence Yun said that the decline in regional sales can be attributed to rising interest rates and the continuing climb of home prices.
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  • Bank of America says existing home sales have peaked

    BofA economists say the housing market is in neutral thanks to declining affordability
    Economists at Bank of America Merrill Lynch are waiving the white flag: The largest segment of the housing market has peaked. According to a research note released on Friday, the research team led by Michelle Meyer said: “We are calling it. Existing home sales have peaked.”
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  • Existing home sales held steady in August

    Median existing home price increased, marking 78th straight month of year-over-year gains
    After falling for four consecutive months, existing home sales held its ground in August, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said that the decline in existing home sales appears to have hit a plateau with robust regional sales.
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  • Existing home sales crawl at slowest pace in two years

    Western region only major region to see uptick
    Existing home sales decreased for the fourth consecutive month in July, marking the slowest pace in growth during the last two years, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said the continuous solid gains in home prices have now steadily reduced homebuyer demand.
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  • Is the housing market standing on shaky ground?

    This red flag could signal growth slow down
    While most experts agree the housing market is on solid ground, some are beginning to question red flags that are beginning to arise, possibly showing a slowdown in growth. Now, one expert wonders if the current growth in housing and the economy is sustainable headed into the second half of 2018.
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  • Existing home sales decrease for third consecutive month

    But median sales price reaches all-time high
    Existing home sales decreased for the third consecutive month in June, but the ongoing supply and demand imbalance helped push the median sales price to an all-time high, according to NAR. But the association said it’s important to note that despite the modest year-over-year rise in inventory, the current level is far from what is needed to satisfy demand levels.
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