Existing-home sales surmounted an annual pace of 5 million sales for the sixth time in seven months despite the low inventory conditions. Median home prices for 2014 rose to their highest level since 2007, but total sales fell 3.1 percent from 2013. A year ago, December sales were just 3.5 percent higher and are now

According to the National Association of Realtors, all major regions in the nation experienced a decline in existing-home sales in November right after reaching the highest of the year. Sales fell 6.1 percent to a seasonally adjusted annual rate of 4.93 million in November from a downwardly-revised 5.25 million in October. While sales flattened, housing supply

Last month the housing market’s shining star was the apartment rental. With a rise in renters, builders focused on building them. In October though, a decline in construction started on apartments contributed to the drop in housing starts. Starts fell 2.8% in October to an annualized pace of 1.01 million from 1.04 million in September.

At the highest pace of the year, existing home sales turned the corner after August’s slight decline and increased 2.4 percent to a seasonally adjusted annual rate of 5.17 million in September. Sales still remain 1.7 percent below the 5.26 million-unit level from last September. We’re looking at a housing shortage next year if builders

Investors paying in cash withdrew from the market in August causing existing-home sales to slip according to the NAR. Northeast and Midwest sales increases could not sustain the heavy declines in the South and West. Total existing-home sales decreased 1.8 percent to a seasonally adjusted annual rate of 5.05 million in August from a slight

Existing-Home Sales increased in July, marking the highest annual pace of the year. Sales rose 2.4 percent to a seasonally adjusted annual rate of 5.15 million in July from a 5.03 million in June. Although sales are at their highest and have been rising for the past four consecutive months, the stats still remain below

Existing-home sales went up in June reaching an annual pace of 5 million sales for the first time since October 2013. Inventory is still rising and continues to push overall supply towards a more balanced market. Total existing-home sales climbed 2.6 percent to a seasonally adjusted annual rate of 5.04 million in June from an

At the fastest pace this year, home building surged in April. Housing starts rose 13.2% this April to a seasonally adjusted annual rate of 1.07 million, up from 947,000 in March and overachieving economists’ forecasts. April’s gains were mostly due to multi-family construction, where starts rose almost 40% from March. Starts improved in every region

The National Housing Trend Report released by signals a healthier market than in early home buying season a year ago.  The report shows year-over-year growth in inventory and days on market for March 2014, which all looks good for spring homebuyers. This, coupled with modest price increases, points to better things ahead. The median

Jacked Up January Home Prices

Tuesday, 25 February 2014 by

January saw growing prices again due to the lack of inventory, an all-too-familiar and on-going obstacle. Total existing home sales dropped 5.1 percent to a seasonally adjusted annual rate of 4.62 million in January from 4.87 million in December. Still, last month’s activity was the slowest since July 2012. The erratic weather across the country

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