October 21, 2011 |
Sales of previously owned homes fell 3% in September, reflecting continued tough times in the housing market as well as newly imposed tougher loan limits, a trade group said Thursday. The National Assn. of Realtors said sales fell to a seasonally adjusted annual rate of 4.91 million, in line with expectations. August data were revised higher to 5.06 million from an initially reported 5.03 million. Compared with September 2010 — a time when the expiration of the home-buyer tax credit was still afflicting the market — sales grew 11.3%.
February 12, 2010 |
Prices and sales of previously occupied U.S. homes improved during the last three months of last year as low interest rates and a federal tax credit helped push buyers into the market, the National Assn. of Realtors said Thursday. The median price of previously owned single-family homes rose in 67, or 44%, of the 151 metropolitan areas that participated in the group's fourth-quarter survey. Sixteen of the areas posted double-digit increases. In the third quarter, with 153 areas reporting, only 30 showed price increases and 123 were down.
April 29, 2013 |
WASHINGTON -- New contracts signed for home sales rose 1.5% last month to the highest level in nearly three years, though limited supply is causing the market to level off, the National Assn. of Realtors said Monday. The trade group's Pending Home Sales Index rose to 105.7 in March, up from the previous month's 104.1 and exceeding analysts' expectations. Compared to a year earlier, the index was up 7% last month, marking the 23rd straight month of year-over-year increases. The last time the closely watched reading was as high was in April 2010 as people scrambled to sign contracts before the expiration of a special home-buyers tax credit.
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.
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.
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 |
DENVER -- What's considered normal in light of the housing downturn? Home price appreciation of 3% to 5%, 1.6 million household formations a year, and a 65% homeownership rate, according to three economists who offered their housing outlooks Friday at the annual National Assn. of Real Estate Editors conference. Major take-away: “The bottom will be as equally dramatic as the recession has been,” said Stan Humphries, Zillow's chief economist. Housing sales and price changes will vary considerably by geographic market and within those markets.
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.
February 28, 2014 |
Pending home sales remained essentially flat nationwide last month, indicating that tight inventory and high prices continue to weigh on buyers. The National Assn. of Realtors said Friday that its pending sales index rose 0.1% in January from the month before to a reading of 95. Since January 2013, the index fell 9%. Lawrence Yun, the Realtors group's chief economist, said that severe weather across much of the U.S. held back sales, but that it wasn't the only factor. QUIZ: How much do you know about mortgages?