existing home sales - Articles

Existing Home Sales Slip in February

Gene J. Puskar/AP By Margaret Chadbourn WASHINGTON -- U.S. home resales dropped slightly in February to a 19 month-low as cold weather and a shortage of homes for sale continued to sideline potential buyers. The National Association of Realtors said Thursday home sales dropped 0.4 percent to an annual rate of 4.60... Continue Reading »

Existing Home Sales Jump a Bit in December

Gene J. Puskar/AP WASHINGTON -- U.S. home resales rose slightly in December after three monthly falls in a row, as record low mortgage interest rates and pent-up demand continue to sustain a recovery in the market. The National Association of Realtors said Thursday that sales of previously owned homes rose 1.0 last month,... Continue Reading »

Existing Home Sales Rise to 6½ Year High

Al Behrman/AP WASHINGTON -- U.S. home resales hit a 6½ year high in August, signaling continued strength in the housing market recovery, which has helped shore up the economy by bolstering household finances and supporting consumer spending. The National Association of Realtors said Thursday existing home sales... Continue Reading »

Home Sales in July Rise to Levels Last Seen in 2009

Daniel Acker/Bloomberg via Getty Images By CHRISTOPHER S. RUGABER WASHINGTON -- Sales of previously occupied homes surged in July to a seasonally adjusted annual rate of 5.39 million, approaching a healthy level for the first time since November 2009. The spike in home sales shows housing continues to drive the U.S.... Continue Reading »

Done Cheering for Home Sales? Here's What's Really Going On

Existing home sales are up: Rah! Rah! Rah! You're probably hearing the resounding cheers as the National Association of Realtors reported Thursday that sales of existing homes rose to a three-year high in February. Even more exciting is that real estate inventory, which has been frustratingly low for quite a while,... Continue Reading »

Housing Recovery: Halfway Back to Normal

Each month, Trulia's Housing Barometer charts how quickly the housing market is moving back to "normal." We summarize three key housing market indicators: construction starts (Census), existing home sales (NAR), and the delinquency-plus-foreclosure rate (LPS First Look). For each indicator, we compare this month's data to... Continue Reading »

Existing Home Sales Jump, Home Prices Rise More than Expected

By Paul Ausick We have two data points on the U.S. housing market this morning. The National Association of Realtors reports that the seasonally adjusted annual rate of existing home sales in November rose 5.9 percent to 5.04 million from a downwardly revised total of 4.76 million in October. Sales are up 14.5 percent... Continue Reading »

Sales of Existing Homes Drop 5.4% to the Fewest Since October

By Christopher S. Rugaber WASHINGTON -- Americans bought fewer homes in June than May, indicating the weak economy could make a modest housing recovery choppy. The National Association of Realtors said Thursday that sales of previously occupied homes fell 5.4 percent in June to a seasonally adjusted annual rate of 4.37... Continue Reading »

Homebuying Contracts Match Their Highest Rate in 2 Years

By Christopher S. Rugaber WASHINGTON -- Americans signed more contracts to buy previously occupied homes in May, matching the fastest pace in two years. The increase suggests that home sales will rise this summer and the modest housing recovery will continue. The National Association of Realtors said Wednesday that its... Continue Reading »

Home Sales Sunnier as Spring Buying Season Approaches

WASHINGTON -- The housing market is flashing signs of health ahead of the spring buying season. Sales of previously occupied homes are at their highest level since May 2010. More first-time buyers are making purchases. And the supply of homes fell last month to its lowest point in nearly seven years, which could push home... Continue Reading »

Home Sales Rise to 11-Month High

WASHINGTON -- Home sales rose in December to the highest pace in nearly a year. The gain coincides with other signs that show the troubled housing market improved at the end of last year Still, sales remain depressed and ended 2011 well below healthy levels. The National Association of Realtors said Friday that sales... Continue Reading »

Home Sales Up, But Past Figures Grossly Overstated

WASHINGTON -- The number of Americans who bought previously occupied homes rose last month. But the National Association of Realtors says it overstated about 3.5 million sales during and after the Great Recession, showing the housing market remains much weaker than previously thought. The private trade group says sales... Continue Reading »

Home Sales Perk Up, But Outlook Still Bleak

WASHINGTON -- The number of Americans who bought previously occupied homes rose slightly last month but remained at depressed levels. And more deals are being canceled at the last minute, a sign that even those who are looking to buy are worried about the housing market. Home sales rose 1.4 percent last month to a... Continue Reading »

Home Sales on Pace for Dismal Year

WASHINGTON -- The number of Americans who bought previously occupied homes fell in September. Home sales are on pace to match last year's dismal figures -- the worst in 13 years. The National Association of Realtors said Thursday that home sales fell 3 percent last month to a seasonally adjusted annual rate of 4.91... Continue Reading »

Home Sales Rise As Buyers Grab Foreclosures

WASHINGTON -- The number of Americans who bought previously occupied homes rose in August. But sales were driven by an increase in foreclosures, evidence that the housing market remains weak. The National Association of Realtors says home sales rose 7.7 percent last month to a seasonally adjusted annual rate of 5.03... Continue Reading »

Viewpoint: Why No New Houses May Be a Good Thing

The news that 2011 may go down as the worst year in the past 50 for construction of new homes brought out many a weeping violin. Sorry, the strings on mine must have popped. Yes, I understand that construction jobs -- the ones that are created when builders build new homes -- are a good thing for the economy. But the... Continue Reading »

Home Sales On Pace for Worse Year Than 2010

WASHINGTON - The number of people who bought previously occupied homes dropped in July. The third decline in four months suggests the depressed housing market won't help the U.S. economy recover this year. Home sales fell 3.5 percent last month to a seasonally adjusted annual rate of 4.67 million homes, the National... Continue Reading »

Pending Home Sales: Close but No Cigar

WASHINGTON -- The number of people who signed contracts to buy homes rose for a second month in June. But the gain was not enough to signal a rebound in the weak housing market. The National Association of Realtors reported Wednesday that its index of sales agreements for previously occupied homes rose 2.4 percent in June... Continue Reading »

Home Sales on Pace for Worst Year Since Housing Bust

WASHINGTON -- Fewer people bought previously occupied homes in June, putting this year on pace to be the worst for sales since the housing bust. Home sales fell 0.8 percent last month to a seasonally adjusted annual rate of 4.77 million homes, the National Association of Realtors said Wednesday. That's far below the 6... Continue Reading »

Housing Market Hamstrung by Low Appraisals

The housing market stumbled again in April, as tight lending practices continue to hamstring buyers. Existing-home sales fell 0.8 percent to a seasonally adjusted annual rate of 5.05 million in April, down from 5.09 million in March, according to the National Association of Realtors. Compared to last April, when buying... Continue Reading »

Sales of Existing Homes Rise as Buyers Grab Foreclosures

Existing home sales continued on an upward though unsteady path in the first quarter of this year, thanks in large part to sales of foreclosures and other discount properties. Home sales rose in 49 states and Washington, D.C., according to a report released Tuesday by the National Association of Realtors. Total existing... Continue Reading »

Home Buyers Spring Into Action, With Cash and Caution

Spring home buying season has officially sprung, as buyers reenter the market after a long winter. In the absence of another homebuyer tax credit, however, sales are not as robust as they were a year ago. Existing home sales, which includes single-family houses, condos, townhouses and co-ops, rose to 5.10 million in... Continue Reading »

October Existing Home Sales: Still Falling

Existing home sales declined in October, as fewer people decided to buy a new place to live. The number of existing homes sold last month fell 2.2 percent from September, according to the National Association of Realtors. Compared to 12 months ago, existing home sales are off 25.9 percent, more evidence that the housing... Continue Reading »

Home Sales Rising: Is That Good or Bad?

Home sales are up, but economists are far from pleased. Despite a 10 percent rise in existing home sales in September, many housing analysts believe the housing market is once again deteriorating. A rise in new home building usually helps lead the way out of a recession by providing jobs for workers in the construction... Continue Reading »

Home Sales Spike: Real Sign of Recovery?

Economists got a surprise today with home sales jumping 10 percent to a seasonally adjusted annual rate of 4.53 million in September, from a downwardly revised 4.12 million in August. While this is good news, it's still 19.1 percent below the 5.6 million pace set in September 2009. But this September's numbers from the... Continue Reading »

Home Sales Jump 10 Percent, Still Lag 2009

The real estate market has some life after all. Existing home sales, a figure that includes single-family homes, townhouses, co-ops and condos, rose 10 percent in September as compared to August, according to the National Association of Realtors. Some cite this as evidence that the housing market is well on its way to... Continue Reading »

Existing-Home Sales Climb Gingerly

It's a long climb back to the summit after last month's disastrous tumble, but home sales managed to inch upward in August. The latest existing-home sales report, released Sept. 23, shows home resales rising 7.6 percent to a seasonally adjusted 4.13 million in August, up from an upwardly revised 3.84 million in July.... Continue Reading »

Double Dip in 2011: How Will Your Market Fare?

The sky isn't falling just yet, but it may be wise to prepare the storm shed. Real estate analyst firm Clear Capital released new figures on Thursday suggesting that a double dip in housing prices is coming, but will not occur until at least spring 2011. This isn't cause for celebration, however -- it merely implies that... Continue Reading »

New Homes No Longer an Attractive Proposition?

If you thought the existing-home sales figures for July were depressing, better pop a Zoloft or two before glancing at the new-homes sales numbers for the same month. Sales of new homes fell to a 37-year low in July, a 12.4 percent drop from June. The Commerce Department reported that a seasonally adjusted 276,000 new... Continue Reading »

Builder Thanks Homebuyer Tax Credit for First Profit in 3 Years

With many economists blaming the end of the homebuyer tax credit for last month's dreadful home sales, at least one company is singing its praises. Luxury homebuilder Toll Brothers posted its first profitable quarter in nearly three years -- and the homebuyer tax credit is foremost on its list of thank-yous. The company... Continue Reading »

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