Items Tagged with 'Existing home sales'

ARTICLES

  • Existing home sales take a 2.5% tumble

    The affordability issue is kneecapping strong demand, experts predict continued stagnation
    The bulk of potential homebuyers cannot buy homes. That is the long and short of the issue. Existing home sales fell 2.5%, according to the National Association of Realtors' monthly report, and it doesn't look like things will change any time soon.
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  • Existing home sales increase for second consecutive month

    But continue to lag behind last year’s levels
    Existing home sales increased in March for the second consecutive month, however as inventory shortages persist, home sales continue to fall below last year’s levels. One expert explained it’s hard to sell homes in large numbers when there’s so few available to buy, and that raises the question of whether the market has reached or surpassed its peak sales volume given current conditions.
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  • Spring home buying season begins: pending home sales rise

    Low inventory levels still restricting market
    The spring home buying season is already beginning as pending home sales reversed course and increased in much of the country in February. NAR explained the expanding economy and healthy job market are generating sizable homebuyer demand, but the minuscule number of listings on the market and its adverse effect on affordability are squeezing buyers and suppressing overall activity.
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  • Existing home sales bounce back 3% in February

    Increase seen despite low inventory and rising home prices
    Existing home sales reversed course in February after two months of declines and despite consistently low inventory and fast-growing prices, according to the report from the National Association of Realtors. Existing home sales increased 3% in February to a seasonally adjusted annual rate of 5.54 million in February, up from 5.38 million last month.
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  • 2017 was the best year for existing home sales since 2006

    But weak December dents progress
    Despite a weak December ending a trend of two straight months of increases, there were still more existing homes sold last year than in any year since 2006. Last year's total of 5.51 million homes sold bests 2016’s total of 5.45 million and becomes the highest that figure has been since 2006, when there were 6.48 million existing homes sold.
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  • Existing home sales set to end the year at highest point since 2006

    Home prices to slow in 2018
    Pending home sales inched up slightly in November, indicating home sales may rise to their highest point since 2006. But even as home sales increase at the end of this year, headed into 2018, NAR forecasts existing home sales and home price growth will slow primarily due to the altered tax benefits of homeownership in some high cost areas.
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  • Existing home sales surge past decade high

    All major regions see hike in sales activity
    Existing home sales increased for the third straight month to their highest point in more than a decade. But as homes fly off the market, the housing market is unable to keep up with the growing demand, driving up home prices and causing dwindling inventory.
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  • Pending home sales suddenly rebound in October

    Remain below last year’s levels
    Pending home sales rebounded in October, reaching its highest point since June after three months of declines. The increase was driven by a sudden jump in the South, which is recovering from recent hurricane activity. However, as experts expected, pending home sales remain below last year’s levels.
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