November 14, 2012 |
Home sales in California jumped 15.4% in October, indicating the state's housing recovery continued into the typically slower fall season. California's housing market has been on an upward swing this year. The rebound stems from more people chasing fewer homes as interest rates remain low and inventory sinks. As well as rising from September's level, home sales were up 15.2% from October 2011, according to real estate firm DataQuick. The statewide median price was $285,000 last month, a 0.7% decline from the prior month but up 18.8% from October 2011.
January 20, 2012 |
Home sales rose nationally in December, marking the third consecutive month that the market has shown improvement. Previously owned homes were sold at a seasonally adjusted annual rate of 4.61 million units, up 5.0% from November and 3.6% from December a year prior, according to the National Assn. of Realtors. “The market for single-family homes picked up in the second half of 2011, after being stuck near the bottom for nearly three years,” Patrick Newport, an economist with IHS Global Insight, wrote in a note.
March 21, 2013 |
Existing home sales rose to their highest level in more than three years, while prices increased nationwide, yet another indication of a housing recovery that bodes well for the overall economy. The National Assn. of Realtors said sales of existing single-family houses, townhomes, condos and co-ops rose 0.8% in February to a seasonally adjusted annual rate of 4.98 million from an upwardly revised 4.94 million in January. That was 10.2% higher than February 2012 and the highest rate since November 2009 when a national homebuyer tax credit helped propel sales.
December 28, 2012 |
Pending home sales rose for a third consecutive month in November, indicating that demand for housing remains strong. The National Assn. of Realtors said that its pending home sales index, a forward-looking indicator based on the number of purchase contracts signed, rose 1.7% over October and was up 9.8% from November 2011. “Home contract activity continues to improve,” said Lawrence Yun, chief economist for the group. “Home sales are recovering now based solely on fundamental demand and favorable affordability conditions.” The index hit a level of 106.4 last month. A reading of 100 is equivalent to the level of contract signing in 2001, the year the index was started and also a base year in which the buying and selling of homes was considered historically normal for the U.S. ALSO: Home sales jump to highest pace in three years Builder confidence in housing is highest in six years Holiday travel in California expected to break records
March 26, 2013 |
Sales of new homes dipped last month. The Commerce Department reported that newly built homes sold at a seasonally adjusted annual rate of 411,000 in February. That was 4.6% below the previous month but up 12.3% over the year. New-home sales numbers can be volatile month to month. Overall, the market for new construction has improved this year and builders have increased prices. The median sales price for a new home was $246,800 last month, the government reported. Supply has remained tight as few new homes have been built in recent years.
May 22, 2013 |
Sales of previously owned U.S. homes increased in April, hitting their highest level in nearly four years and signaling that the housing market continued its rebound last month. Home sales increased 0.6% from the prior month and were up 9.7% from April 2012 to hit a seasonally adjusted annual rate of 4.97 million units. It was the highest pace for home sales since November 2009 but nevertheless remained muted due to low inventory, the National Assn. of Realtors reported Wednesday.