Tag Archives: Realtors

The Raleigh Regional Association of REALTORS (RRAR) selected Tessa Hultz, RCE, CAE, as the new EVP and CEO of the group in North Carolina. She was also appointed president of the Triangle Multiple Listing Service, Inc. (TMLS).

A survey from the California Association of Realtors (C.A.R.) revealed preferences and strategies of a typical California investor. For the most part, investors in the Golden State plan to keep their purchase for at least a year. According to the survey, 26 percent of investors who worked with Realtors over the last 12 months before April 2013 said they intend to flip the property within a year, while 66 percent plan to keep the property for more than a year as a rental.

The National Association of Realtors' (NAR) Pending Home Sales Index (PHSI) slipped 0.4 percent in June to 110.9 in response to higher mortgage rates. Economists had expected the index to drop to 110.7, which would have been a 1.4 percent decline from May's originally reported 112.3. The May index was revised down to 111.3. With the revision, the May index, originally reported as the highest in six years, matched the level of April 2010.

Existing-home sales fell 1.2 percent in June to an annual sales rate of 5.08 million as the price of a single-family home rose 13.5 percent from a year earlier--the strongest year-over-year gain since November 2005, the National Association of Realtors reported Monday. Economists surveyed by Bloomberg expected existing-home sales to jump to 5.27 million from May's originally reported sales pace of 5.18 million. The median price of an existing home rose $11,100 or 5.5 percent for the month to $214,200, the highest price since June 2008.

Citing improvements in manufacturing, tourism, commercial and residential real estate and in the financial sector, the Federal Reserve Wednesday said the nation's economy ""continued to increase at a modest to moderate pace"" from late May through early July. The assessment in the periodic Beige Book was tempered by ""mixed"" conditions in the agricultural sector and the absence of improvement in labor markets. ""Hiring,"" the Beige Book said, ""held steady or increased at a measured pace.""

Existing-home sales rose a solid 4.2 percent in May to an annual sales rate of 5.18 million, the highest level since November 2009, the National Association of Realtors reported Thursday. Economists had expected existing-home sales to hit 5.0 million. The median price of an existing home jumped $16,200 (8.4 percent) for the month and was up $27,700 (15.4 percent) from May 2012. The inventory of homes for sale rose to 2.22 million from 2.15 million in April.

Recent reports from the National Association of Realtors and the Census Bureau/HUD showed sharp increases in unit sales and prices, as well as increases in the inventory of homes for sale for April. Has housing turned the corner? Look again. Sales up, prices up, what's wrong with this picture? The last time both prices and sales of new homes increased in the same month was last September. In all of 2012, sales and prices moved in opposite directions in seven of the 12 months. What of course is missing from the two data sets is any indication of demand.

Metro areas continued to post price gains in the first quarter, rising alongside national median price increases, the National Association of Realtors reported. Out of 150 metro areas the NAR tracks, 133 displayed price growth in the first quarter of this year compared to the same quarter a year ago. The association also provided first quarter data on national median prices and found the median price for an existing single-family home rose 9.3 percent year-over-year.

With a sharp jump in prices, existing-home sales fell 0.6 percent in March--the steepest drop since December--to 4.92 million units, the National Association of Realtors (NAR) reported Monday. Economists had expected a 1.0 percent increase to 5.03 million from February's original report of 4.98 million sales. The median price of an existing single-family home jumped to $184,300, the highest level in seven months. The inventory of homes for sale edged up to 1.93 million units--a 4.7 month supply, both the highest level since November.

With the price of a new home barely above year-ago levels, builder confidence fell for the third straight month in April, dropping two points to 42, the lowest level since October, the National Association of Home Builders reported. Economists had expected the Housing Market Index (HMI), the measure of confidence, to improve to 45 from March's reading of 44. It was the second straight month the index fell when economists had expected it to improve.