Tag Archives: Existing Home Sales

Home Prices See Largest Annual Gain in Six Years

Despite the strong gains, home prices are still down approximately 28-29 percent from their peaks in the summer of 2006 and are now back at levels not seen since late 2003. While prices continue to improve, there are still headwinds, … Continue reading

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US Pending Home Sales Tick Upward in March

“Contract activity has been in a narrow range in recent months, not from a pause in demand but because of limited supply,” said Realtors chief economist Lawrence Yun in a release. “Little movement is expected in the near-term sales closings, … Continue reading

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Home Buyers Are Back, but Where Are the Houses?

“Some listings are vanishing from a strategic decision of waiting for an even a higher price later. Some are due to few newly built homes available to trade-up to, hence some current existing home owners are unwilling to list. Some … Continue reading

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Builders Bump Up Thanks to Drop in Existing Home Supply

Sales of existing homes are recovering slowly, but a drop in supplies of those homes is pushing confidence among the new home builders to a six year high. There are just 2.1 million existing homes for sale, which is a … Continue reading

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Pending Home Sales Barely Budge in September

In a sign of a still struggling housing market, signed contracts to buy existing homes were essentially flat in September from August, edging up just 0.3 percent according to a monthly index from the National Association of Realtors. The index … Continue reading

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Why Today’s Housing Report Spooked Investors So Much

The good housing numbers are all up from a year ago: Sales, starts, building permits, prices, earnings. The bad numbers are down: Mortgage delinquencies, foreclosures, negative equity. So why are investors pulling out of the home builders today? And why … Continue reading

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Pending Home Sales Beat Expectations in July

Despite expectations of a drop-off in home sales this fall, a forward-looking indicator shows a growing number of buyers are jumping back into the housing market. The National Association of Realtors’ Pending Home Sales Index rose 2.4 percent in July … Continue reading

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As Housing Recovers, Will Apartment Boom End?

The latest reports on new and existing home sales seem to indicate that the housing market is beginning to find its footing again. While most believe the recovery will be slow, U-shaped, and bumpy, the free fall appears to be … Continue reading

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Home Improvement Shows Gains—But May Not Last

The nation’s largest home improvement retailer, Home Depot, surprised the Street on Tuesday, beating profit estimates for the last quarter. It is also raising earnings outlooks for fiscal 2012. It’s banking on continued improvement in market share and in the … Continue reading

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Pending Home Sales Fall in June Due to ‘Fewer Listings’

Home buyers signed fewer contracts to buy existing homes in June, despite renewed optimism in the overall housing recovery. The pending home sales index from the National Association of Realtors fell 1.4 percent from May. It is up 9.5% from … Continue reading

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