October 25, 2012 |
Signed contracts to buy previously owned homes rose in September, but not by much, according to a trade group report. Pending sales inched up 0.3% to 99.5 from 99.2 in August, according to an index of pending sales from the National Assn. of Realtors. Contracts had hit a two-year high of 101.9 in July before slipping 2.6% the next month. At 100 on the index, pending sales are considered healthy. The gauge measures signed agreements but not closed deals, which usually come a month or two later.
December 22, 2011 |
The National Assn. of Realtors has revised sharply downward the number of homes it calculated were sold from 2007 to 2010, revealing a much weaker housing market than it had estimated. For 2010 alone, the trade group revised its estimate of home sales 14.6% lower than what it had previously reported — to about 4.2 million homes. Overall, sales and inventory reported by the group were reduced by 14.3% for 2007 through 2010, the association said Wednesday. The group gave several reasons for the revisions, including some sales that had been counted multiple times.
September 5, 2012 |
Homes in the U.S. sold at the fastest clip in more than a year last month, new data show, a testament to the strength of the housing recovery this year. The median time a home was listed for sale was 69 days in July, a 29.6% plunge from the same month just a year ago, according to data from the National Assn. of Realtors. Home buyers, agents and other professionals have been complaining for months that a lack of inventory has become a major force in the market this year -- leading to bidding wars in some cases.
June 27, 2013 |
New contracts for homes rose to their highest level in more than six years last month, a positive sign as the resurgent housing market faces higher interest rates. The National Assn. of Realtors said Thursday its Pending Home Sales Index jumped 6.7% in May from a month earlier and is 12.1% higher over the year. The index represents contracts signed, but not closed. Home buyers looking to scoop up a home before interest rates rise could account for the significant increase in pending sales, Lawrence Yun, the association's chief economist, said.
September 25, 2009 |
Sales of existing homes nationwide fell slightly last month from July's levels, but were higher than the same month a year ago, an industry group reported today. The median price for U.S. resale homes in August was $177,700, practically even with July's $178,400 median, but down 12.5% from August 2008, the National Assn. of Realtors said. It's not unusual for home sales to decline slightly from July to August -- that also happened for the previous three years. August sales fell 2.7% from July to a seasonally adjusted annual pace of 5.1 million units.
June 22, 2012 |
Sales of existing homes slid 1.5% in May compared with April but were up substantially from a year earlier, and property prices climbed, the National Assn. of Realtors said. Last month, resales slipped to a seasonally adjusted annual rate of 4.55 million, down from 4.62 million in April but up 9.6% from May 2011, the group said. The median price soared to $182,600, up 7.9% from a year earlier, marking the third consecutive month with a year-over-year gain — the first trifecta since 2006.
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.
February 22, 2012 |
Sales of previously owned homes rose 4.3% in January and inventories fell to nearly seven-year lows as lower prices, unusually warm weather and an improving economy lifted demand. The National Assn. of Realtors said Wednesday that January sales were at a seasonally adjusted annual rate of 4.57 million. Sales rose in all four major regions, including an 8.8% pop in the West. Job creation, mild weather, rising rents and increased household formation contributed to the sales gains, according to Lawrence Yun, chief economist of the Realtors group.