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Tag Archives: Realtors

Existing-Home Sales Up in February; Inventory Rises from Prior Month

Existing-home sales rose 0.8 percent in February to a seasonally adjusted annual rate of 4.98 million, the National Association of Realtors reported Thursday. Economists had expected the sales pace to climb to 5.01 million from January's originally reported 4.92 million. January sales were revised up to 4.94 million. The inventory of homes for sale rose for the first time since last July, up 9.6 percent to 1,940,000. At the reported sales pace, that represents a 4.7-month supply of homes for sale, up from the 4.3-month supply reported for January.

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Commentary: Let Them Eat…Nothing

The disagreement over the nation's borrowing limit took a back seat to gun control and perhaps lost some urgency when House Republicans floated the idea of a temporary extension, which would do what Washington seems to be famous for--kicking the can down the road. But, the controversy and its impact on the nation's financial credibility demands a solution that will last for more than just a few months. Just a week after unveiling new rules for mortgage originations, the Consumer Financial Protection Bureau stepped up its game by turning to the other end of the mortgage business, collecting on loans.

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November New Home Sales at 31-Month High

New home sales jumped 4.4 percent in November to 377,000, the highest level since April 2010, the Census Bureau and Department of Housing and Urban Development reported Thursday. Economists surveyed by Bloomberg expected the report to show a sales pace of 375,000.

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NAR: Existing-Home Sales Jump to 3-Year High in November

Existing-home sales rose 5.9 percent in November to a seasonally adjusted annual rate of 5.04 million, the highest level since November 2009, the National Association of Realtors reported Thursday. Economist had expected the sales pace to improve to 4.9 million. The median price of an existing single-family home rose to $180,600 in November, up 10.1 percent from November 2011. November was the ninth consecutive month to see year-over-year price gains, maintaining the longest streak for yearly improvements since mid-2006.

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Case-Shiller Indices Up in September, Momentum Slows

Despite another month of home price improvements, the housing sector stumbled in September as prices fell in five of the 20 cities covered in the monthly Standard & Poor's/Case-Shiller Home Price Index. The 10-city index increased 0.3 percent from August to 158.93, its highest level since September 2010. Meanwhile, the 20-city index rose by the same 0.3 percent to 146.22, also the highest in two years. The national index improved 2.2 percent in the third quarter to 135.67, its highest level since Q3 2010.

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Existing Home Sales Slip in September, Prices Up Year-over-Year

The housing sector hit a speed bump in September as existing home sales dipped, according to a report from the National Association of Realtors. Existing home sales fell 1.7 percent to a seasonally adjusted annual rate of 4.75 million, the first decline in three months. The median price of an existing home was down 0.5 percent from August to $183,900, but the median price was up 11.3 percent from September 2011, the strongest year-year dollar increase since January 2006.

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Home Prices Buck Typical Seasonal Slowdown in September: Report

Home prices in September were up 5 percent year-over-year while home sales posted a 4 percent annual increase, even as housing metrics began their typical seasonal declines, according to Redfin's analysis of activity across 19 major U.S. markets. Between August and September, these 19 markets saw prices decline just 0.8 percent, which Redfin says is a smaller decline than is customary at this time of year. At the same time, the number of homes for sale in the target markets was down 29.3 percent from September 2011.

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Existing Home Sales at 27-Month High in August

Existing home sales rose 7.8 percent to 4.82 million in August the highest level since May 2010 the National Association of Realtors reported Wednesday. The median price of an existing single-family home in August was $187,400, down $400 from July but up $16,200 or 9.5 percent since August 2011.

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Pending Home Sales Index Recovers in July

In another positive sign for the housing sector, the Pending Home Sales Index (PHSI) rose 2.4 percent in July to 101.7, its highest level since April 2010, the National Association of Realtors reported Wednesday. Economists had expected a 1.0 percent increase to 100.3.

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Survey Finds iPhone, Android Use Almost Equal Among Agents

In the world of real estate agents, the iPhone reigns king-but just barely. A survey conducted by Realis Real Estate Software found that there seems to be no clear preference among agents between iPhone and Android-based phones-43 percent of agents use an iPhone, while 41 percent use an Android device.

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