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Tag Archives: National Association of Realtors

Pending Home Sales Surge in May

The National Association of Realtors' Pending Home Sales Index (PHSI), which measures contract signings as an indicator of future sales figures, jumped 6.1 percent month-over-month to 103.9. It was the largest one-month increase since April 2010, when the index spiked 9.6 percent as first-time buyers moved to sign purchase contracts to qualify for the First-Time Homebuyer Tax Credit.

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Job Growth Outpacing New Home Construction

Annualized housing starts crossed the 1 million mark in April for the first time this year, but little of that improvement came on the single-family side—and that's a serious problem, says the National Association of Realtors (NAR). Measuring new homebuilding against employment numbers—which only recently recovered from their recessionary decline—NAR finds that historically, there is one new home built for every 1.5 jobs added to the economy.

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Existing-Home Sales Moderately Increase in April

For the first time this year, existing-home sales and total inventory increased in April, while home price growth moderated. According to the National Association of Realtors (NAR), total existing-home sales, which the group defines as single-family homes, townhomes, condominiums, and co-ops, rose 1.3 percent to a seasonally adjusted annual rate of 4.65 million in April 2014.

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Home Price Growth Slows in Q1

Real Estate Market

According to the latest quarterly report by the National Association of Realtors (NAR), year-over-year home price growth continued in most metros, albeit at a slightly lessened pace. The median existing single-family home price increased in 74 percent of measured markets.

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Pending Home Sales Pickup After Rough Winter

According to the latest release, NAR’s Pending Home Sales Index (PHSI) rose to 97.4 last month, up 3.4 percent from February’s upwardly revised 94.2. It was the first real pickup in the last nine months, the association said. NAR’s chief economist, Lawrence Yun, said the increase was expected with the end of last season’s severe weather.

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Existing-Home Sales Slip in March

Total existing-home sales in March came in at a seasonally adjusted annual rate of 4.59 million, according to estimates from the National Association of Realtors. March sales fell .2 percent from February’s downwardly revised pace of 4.60 million and hit a nearly two-year low. Compared to March 2013, the sales rate was down 7.5 percent.

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Vacation Home Sales Rise in 2013; Investment Purchases Fall

Vacation home sales rose in 2013, while investment purchases fell below the higher levels seen in previous years, according to the National Association of Realtors (NAR). NAR’s 2014 Investment and Vacation Home Buyers Survey found vacation-home sales jumped 29.7 percent to an estimated 717,000, while investment-home sales fell 8.5 percent to an estimated 1.1 million in 2013.

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Increased Inventory and Prices Help Florida Housing Market

Florida's housing market experienced higher median prices, more new listings, and fewer days on the market in February, according to the latest housing data released by Florida Realtors. A stable inventory helped close sales reach a statewide total of 15,826, a 1.5 percent increase of the previous year.

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Millennials Grab Greatest Market Share of Home Purchases

According to the National Association of Realtor's Home Buyer and Seller Generational Trends study for 2014, Millennials—aka “Generation Y” or “Generation Next”—comprised 31 percent of recent purchases, leading all other age groups. Following that were Generation X (defined as those born between 1965 and 1979), which made up 30 percent.

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‘Disruptive Weather’ Continues to Slow Home Sales

“Ongoing disruptive weather patterns in much of the U.S. inhibited home shopping,” said National Association of Realtor’s chief economist, Lawrence Yun. The analysis came in the wake of the release of NAR’s Pending Home Sales Index, noting pending sales edged up .1 percent to 95 last month. Compared to January 2013, pending sales were down 9.0 percent.

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