Tag Archives: Existing Home Sales

Existing-home sales experienced an up-and-down wave of activity in November and December due to the TILA-RESPA Integrated Disclosure (TRID) rule, but Ten-X.com forecasts that this may all change soon.

While the backlog created by TRID delays has been cleared, it may be tough to repeat 2015's existing-home sales numbers in 2016.

While TRID may have slowed down existing-home sales in November, the regulatory shock on the housing market is likely to be temporary.

Among the news the industry will be watching for in the coming week will be the Q4 and year-end earnings statements for Morgan Stanley and Goldman Sachs, among others.

November 2015 saw a substantial dropoff in the pace of existing-home sales. Will there be a comeback in 2016?

The share of all-cash sales continues to decline, and the share of homes purchased by institutional investors—who account for the largest percentage of all-cash sales—has dropped right along with it.

The data shows home price declines and increased time on the market has moved the September housing market from a seller's market to a buyer's market. This transition means that it is easier for buyers to purchase a home compared to any other time so far this year.

While existing-home sales have seen solid gains in 2015, reaching levels not seen since before the crisis seven years ago, the rate of increase may be slowing down, according to data released by Auction.com on Tuesday.

Total existing-home sales rose 2.0 percent to a seasonally adjusted annual rate of 5.59 million in July from a downwardly-revised 5.48 million in June.

Originally, Auction.com predicted the total number of existing-home sales to fall between 5.49 and 5.84 million annual sales with a targeted number of 5.67 million.