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Tag Archives: Pending Home Sales

Home Sales, Prices Up in Sunshine State as Recovery Continues

Home sales and prices picked up for Florida in June, according to housing data released by Florida Realtors. The organization's report shows a 5.3 percent year-over-year increase in closed single-family home sales in the Sunshine State, while pending sales jumped up 31 percent. Year-to-date, closed and pending sales are up from 2011 by 2.3 percent and 19.3 percent, respectively.

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Median Price for Existing Home at Highest Level Since 2008

The median price of an existing single family home rose in June to the highest level since almost four years, the fifth straight month-month gain, the National Association of Realtors (NAR) reported Thursday.. The median price was up 7.9 percent from June 2011. Existing home sales dropped to 4.37 million in June to the lowest level since last October, the NAR said. It was the fourth drop in the last five months. Economists had expected the sales pace to increase to 4.65 million from 4.62 million in May.

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California Promising Despite Drop in Sales: C.A.R.

The California Association of Realtors (C.A.R.) reported today that, although pending home sales in the state fell from March to April, other statistics indicate a good start for the housing market. C.A.R.'s Pending Home Sales Index (PHSI) fell from a revised 138.9 in March to 128.0 in April. This index was nearly 14 points higher than the revised 114.4 index from April 2011, marking the 12th consecutive month that pending sales were higher year-over-year. Pending home sales figures are often used as an indicator of the market's future direction.

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Sales of Distressed Properties Down in California, Equity Sales Up

In California, the sale of distressed properties slowed down as equity sales picked up in February after two months of decline, the California Association of Realtors (C.A.R.) reported this week. ""A lack of inventory in the bank-owned (REO) and short sale market was a contributing factor to the decline in share of distressed sales in February,"" said C.A.R. President LeFrancis Arnold. The share of distressed properties that sold statewide decreased to 48.9 percent in February, down from January's 50.1 percent and from 55.2 percent a year ago in February 2011.

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Pending Home Sales Index Slips in February

The Pending Home Sales Index (PHSI) edged down February to 96.5 from January’s 97.0 which had been the highest level since April 2010, the National Association of Realtors reported Monday. The index slipped for just the second time in the last five months, but was 9.2 percent ahead of the level in February 2011. It remains down 26 percent from the April 2005 level.

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Existing-Home Sales Dip in February as Prices Rise, Inventories Increase

Existing-home sales fell in February from an upwardly revised January sales pace, the National Association of Realtors (NAR) reported Wednesday. February sales - completed transactions - were down 0.9 percent from January to a seasonally adjusted annual rate of 4.59 million. January's total was revised up to 4.63 million from 4.57 million. The February 2012 sales pace was up 8.8 percent from February 2011. The median price of an existing home in February was $156,600, up 0.1 percent from the previous month and up 0.3 percent from February 2011. The month-over-month price increase was the first since last June.

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Pending Home Sales Decline Monthly, Rise Annually

After reaching a 19-month high in November, pending home sales declined 3.5 percent in December, according to data released by the National Association of Realtors (NAR) Wednesday. November's pending home sales stood at 100.1 for the nation, just above the ""historically healthy"" average of 100, designated by NAR. The rate ticked down to 96.6 in December. Despite the decline, December's pending home sales are 5.6 percent higher than the rate recorded in December 2010.

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Pending Home Sales Highest in Over a Year-and-a-Half

Pending home sales continued to rise in November, reaching their highest level in 19 months, the National Association of Realtors reported. The trade group's index of signed sales contracts jumped 7.3 percent between October and November and is 5.9 percent above its level a year earlier. The last time the index was higher was in April 2010 as buyers rushed to beat the deadline for the homebuyer tax credit. Analysts say the results are likely to feed the view that there is a recovery going on in the housing market.

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Pending Sales Increase May Point to Budding Market Recovery

The National Association of Realtors' (NAR) pending home sales index reported strong positive movement over the month of October, rising 10.4 percent from September. The index, which measures sales contracts but not closings, is also 9.2 percent above its rate a year ago. NAR's chief economist Lawrence Yun says the market volatility inflicted by the homebuyer tax credit last year is now past. Thus, the monthly and year-over-year increase in sales contracts is a positive indication for the market.

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Pending Sales Decline Despite Signs of Economic Recovery

Despite indications of economic recovery -- such as job growth and some stabilization in home values -- pending home sales dropped for the third consecutive month in September, according to the National Association of Realtors (NAR). Pending sales of existing homes, including REOs and short sales, fell 4.6 percent from the previous month's reading. NAR describes current market conditions as ""a very strange situation,"" considering affordability is at a record-high, yet consumers are not responding.

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