Just one month after from blowing away Wall Street, December’s Existing Home Sales hit the skids, shedding nearly 17 percent and falling to a 4-month low. Don’t be alarmed, though. The plunge was expected. And not just because Pending Home Sales cratered last month. When November’s Existing Home Sales surged, it was clear to observers… Continue Reading
Tag Archives: Existing Home Sales
Existing Home Sales Blow Past Expectations
Another month, another piece of evidence that the housing market is in recovery. Existing Home Sales surged in October as the nation’s homebuyers took advantage of low mortgage rates, low list prices, and, for some, a generous tax credit. Home resales are 23 percent higher versus a year ago and home supply is down to 7 months nationwide…. Continue Reading
The Long-Term Trendline For Existing Home Sales Points To A Housing Recovery
The housing market continues to surprise. Last week, the latest good news came in the form of the monthly Existing Home Sales report. An “existing home” is a home sold by an existing owner as opposed to a developer. It’s non-new construction property. The data on Existing Home Sales was noteworthy for its trends: Sales… Continue Reading
The Long-Term Trendline For Existing Home Sales Points To A Housing Recovery
The housing market continues to surprise. Last week, the latest good news came in the form of the monthly Existing Home Sales report. An “existing home” is a home sold by an existing owner as opposed to a developer. It’s non-new construction property. The data on Existing Home Sales was noteworthy for its trends: Sales… Continue Reading
3 More Signs Of A Strengthening Housing Market in Arizona
The housing market got another dose of good news yesterday. According to the National Association of REALTORS, the number of homes sold in May increased for the third straight month and the national housing supply fell by 5 months. Furthermore, first-time home buyers are accounting for nearly one-third of the market activity. But, before we… Continue Reading
Finding Yourself In A Multiple-Offer Situation? You’re Not Alone.
The days of rock-bottom housing prices may be reaching an end. According to the National Association of REALTORS, the number of Existing Home Sales fell by a modest 140,000 units last month. It’s the fifth straight month in which home sales straddled the 4.5 million mark. The national housing inventory is down 900,000 from… Continue Reading