Items Tagged with 'Existing home sales'

ARTICLES

  • 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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  • NAR: Is inventory the biggest threat to Realtors?

    Home price gains continuously outpace income growth
    Pending home sales modestly decreased in May, marking the fifth consecutive month of annual declines, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun says although the lackluster spring is largely attributed to low supply, closing data suggests that home price gains continue to outpace income growth.
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  • 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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