home sales - Articles

Pending Home Sales Slip as Weather, Higher Rates Stall Demand

LM Otero/AP By JOSH BOAK WASHINGTON -- The number of Americans who signed contracts to buy homes fell for the eighth straight month in February, a sign that real estate sales will likely slow over the next few months. The National Association of Realtors said Thursday that its seasonally adjusted pending home sales... Continue Reading »

Early Spring Thaw in Homes for Sale? Listings Up 10%

AP Brutal winter storms in much of the country didn't stop home sellers from being optimistic about the housing market, with 10 percent more properties for sale nationwide in February compared to a year ago, according to data released today by realtor.com. The median list price increased 7.6 percent to $199,000 during... Continue Reading »

U.S. Homebuilder Confidence Slips in January

Gregory Bull/AP By Richard Leong NEW YORK -- U.S. homebuilder confidence faded a bit at the start of 2014, although most developers expected the housing recovery to continue, data from the National Association of Home Builders released Thursday showed. The NAHB/Wells Fargo Housing Market Index slipped to 56 points in... Continue Reading »

Homebuilder Sentiment Stabilizes in November

Patrick Fallon/Bloomberg via Getty Images By Richard Leong NEW YORK -- U.S. homebuilder confidence stabilized in November after falling for two straight months, though steady home demand was tempered by worries about further fiscal battles in Washington, the National Association of Home Builders said Monday. The... Continue Reading »

Average U.S. Rate on 30-Year Mortgage at 4.16%

BankofAmerica.com/AOL WASHINGTON -- Average U.S. rates on fixed mortgages rose slightly last week but remained near historically low levels. Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan increased to 4.16 percent from 4.10 percent last week, which was the lowest level in four months.... Continue Reading »

Homebuyer Contracts Plunge as Interest Rates and House Prices Rise

AFP, Getty Images By CHRISTOPHER S. RUGABER WASHINGTON -- The number of Americans who signed contracts to buy existing homes fell in September to the lowest level in nine months. The decline reflects higher mortgage rates and home prices that have made purchases more costly. The National Association of Realtors said... Continue Reading »

Mortgage Rates Tick Up, Despite Fed Assurances on Stimulus

Gene J. Puskar/AP By MARCY GORDON WASHINGTON -- Average rates on U.S. fixed mortgages ticked up this week but are still low by historical standards, a trend that has helped the housing market recover. Mortgage buyer Freddie Mac said Thursday that the average on the 30-year loan rose to 4.39 percent from 4.31 percent last... Continue Reading »

Demand for Mortgages Falls as Rates Remain Unchanged

David Paul Morris/Bloomberg via Getty Images By Leah Schnurr Applications for U.S. home mortgages decreased last week with potential buyers shying away from the market as rates held steady just below their two-year highs. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application... Continue Reading »

Home Sales Surge in May as Buyers Lock in Low Rates

By Paige Gance WASHINGTON -- Contracts to purchase previously owned homes in the U.S. rose in May to the highest level in more than six years as buyers rushed to the market to lock in deals before interest rates climb higher. The National Association of Realtors said Thursday that its Pending Home Sales Index, based on... Continue Reading »

Home Re-Sales Pass 5 Million Mark for 1st Time Since 2009

By Martin Crutsinger WASHINGTON -- U.S. sales of previously occupied homes surpassed the 5 million mark in May, the first time that's happened in 3½ years. The gain shows the housing recovery is strengthening. The National Association of Realtors said Thursday that home re-sales rose 4.2 percent in May to a... Continue Reading »

Pending Home Sales Reach Highest Level in 3 Years

By Christopher S. Rugaber The number of Americans who signed contracts to buy homes ticked up in April to the highest level in three years. The increase points to growth in home sales in the coming months. The National Association of Realtors said Thursday that its seasonally adjusted index for pending home sales rose 0.3... Continue Reading »

Homes Selling as Fast as They Did During Housing Boom

By Diana Olick Strong demand and still limited supply mean homes are now selling nearly three times as fast as they normally would. The average number of days a listing stayed on the market in April was 46, down from 62 in March and down from the normal pace of 90-120 days, according to the National Association of... Continue Reading »

New Home Sales Up 2.3% in April as Median Price Hits Record High

WASHINGTON -- Sales of new homes rose in April to the second highest level since the summer of 2008 while the median price for a new home hit a record high, further signs that housing is recovering. New-home sales rose to a seasonally adjusted annual rate of 454,000 in April, the Commerce Department said Thursday. That... Continue Reading »

Spring Homebuying 'Stuck' Under Tight Inventory, NAR Says

By Diana Olick Like everything else in the spring, housing supply is supposed to grow. That's because warmer weather and the convenience for families to move during the summer make spring the busiest homebuying season historically. That is not the case this year. Home sales have been "stuck," according to Lawrence Yun,... Continue Reading »

Cities Where Housing Bubbles Could Be Starting to Form

There are rumblings in the real estate world about whether we're entering another housing market bubble. We took a look recently at California and whether some frenzied homebuying activity there is a sign that a bubble is returning. The consensus remains that, on a national level, no, we are not in a housing bubble --... Continue Reading »

The Home Bidding Wars Are Back!

By Les Christie The bidding wars are back. Seemingly overnight, many of the nation's major housing markets have gone from stagnant to sizzling, with for-sale listings drawing offers from a large number of house hunters. In March, 75% of agents with broker Redfin said their clients' offers were countered by rival bids,... Continue Reading »

Spring Homebuying Season Off to a Slow Start

By Diana Olick The U.S. housing market will see no surge at the start of spring, as fewer buyers signed contracts to purchase existing homes in February. An industry index of so-called pending home sales fell 0.4 percent from January but is up 8.4 percent from February of 2012. While the number of for-sale listings... Continue Reading »

Signed Contracts to Buy U.S. Homes Dips Slightly

By MARTIN CRUTSINGER WASHINGTON (AP) - A measure of Americans who signed contracts to buy homes fell only slightly in February to the second-highest level in nearly three years. The report suggests sales of previously occupied homes will keep rising in the coming months. The National Association of Realtors says its... Continue Reading »

U.S. New-Home Sales Jump to Highest Since July 2008

U.S. new-home sales jumped in January from the previous month to the highest level since July 2008, a sign that the housing recovery is accelerating. The Commerce Department said Tuesday that new-home sales rose nearly 16 percent in January to a seasonally adjusted annual rate of 437,000. The percentage increase was the... Continue Reading »

2012 Home Sales: Best in 5 Years

By Les Christie Steady December home sales capped the best year for the U.S. real estate market in five years, according to an industry trade group report Tuesday. The National Association of Realtors said that December sales of previously-owned homes came in just slightly below November's sales pace, but up 12.8% from... Continue Reading »

November Pending Home Sales Highest in 2.5 Years

A measure of Americans who signed contracts to buy homes increased last month to its highest level in two and a half years, the latest sign of improvement in the once-battered housing market. The National Association of Realtors said Friday that its seasonally adjusted pending home sales index rose 1.7 percent in November... Continue Reading »

Home Prices in October Post Highest Annual Increase in 2 Years: Case-Shiller Home Price Index

WASHINGTON (AP) - US home prices rose in most major cities in October compared with a year ago, pushed up by rising sales and a decline in the supply of available homes. Higher prices show the housing market is improving even as it moves into the more dormant fall and winter sales period. The Standard &... Continue Reading »

Hurricane Sandy Batters Home Sales in Storm-Affected Areas

Hurricane Sandy destroyed thousands of homes in the Northeast, reportedly inflicting as much as $50 billion worth of damage and sparking a slew of relief efforts aimed at providing housing aid for storm-affected victims. But along with putting many homeowners' lives on hold, Hurricane Sandy also brought housing sales in... Continue Reading »

Key to the Housing Recovery? It's Still Investors

By Nin-Hai Tseng After witnessing one too many false starts in the recovery of America's housing market, it's hard not to be a little skeptical about what kind of recovery we should expect. Will it improve steadily, or experience choppy stops and starts? One way to determine that is by looking at who is driving home... Continue Reading »

An End to Bush-Era Tax Cuts Could Push High-End Properties Onto Market

Some well-heeled homeowners are reportedly scrambling to offload luxury properties by the end of the year or else risk having a serious bite taken out of their bottom lines. That's because if the Bush-era capital-gains tax cuts expire in January, as they are expected to, those homeowners would be shelling out a lot more on... Continue Reading »

Contracts to Buy U.S. Homes Fell in June

By Christopher S. Rugaber WASHINGTON -- Americans signed fewer contracts to buy previously occupied homes last month, the latest sign the housing market recovery is uneven. The National Association of Realtors said Thursday that its index of sales agreements fell 1.4 percent last month to 99.3. May's reading was revised... 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 »

Housing Market Recovery Stalled in May, Report Finds

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 »

May Home Sales Slide 1.5 Percent

By Martin Crutsinger WASHINGTON -- Americans bought fewer homes in May than April, suggesting a sluggish job market could threaten a modest recovery in housing. The National Association of Realtors said Thursday that sales of previously occupied homes dropped 1.5 percent in May from the previous month to a seasonally... Continue Reading »

Housing Prices and Existing-Home Sales Rise in April

In another positive sign for the housing market, existing-home sales and home prices posted increases in April, the National Association of Realtors says. Existing home sales rose 3.4 percent month-over-month to a seasonally adjusted annual rate of 4.62 million in April, which is 10 percent above last year's April... Continue Reading »

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