Tag Archive for ‘Existing Home Sales’

Existing Sales Survive Winter

Existing home sales increased 1.2% in February, and the share of sales for first-time buyers registered its first gain since last November. The National Association of Realtors (NAR) reported February 2015 total existing home sales at a seasonally adjusted rate of 4.88 million units combined for single-family homes, townhomes, condominiums and co-ops, up from 4.82 million units in January. February… Read More ›

Existing Sales Disappoint

Existing home sales decreased 4.9% in January, and the share of sales for first-time buyers continued to disappoint. The National Association of Realtors (NAR) reported January 2015 total existing home sales at a seasonally adjusted rate of 4.82 million units combined for single-family homes, townhomes, condominiums and co-ops, down from a revised 5.07 million units in December. January existing sales… Read More ›

Existing Sales Momentum

Completing an improved second half of 2014, existing home sales increased 2.4% in December, although the share of sales for first-time buyers continued to disappoint. Existing home sales exceeded a 5 million sales pace for the sixth time in the past seven months, and were 3.5% above the same period a year ago. The National Association of Realtors (NAR) reported… Read More ›

Existing Sales Trend Up for First-Time Buyers

Although existing home sales decreased in November, the share of sales for first-time buyers increased to the highest level since October 2012. Existing home sales decreased 6.1% in November, but were 2.1% above the same period a year ago. The National Association of Realtors (NAR) reported November 2014 total existing home sales at a seasonally adjusted rate of 4.93 million… Read More ›

Existing Momentum

Existing home sales increased in October for the second consecutive month, and exceeded year-over-year levels for the first time in a year, despite no improvement among first-time buyers. Existing home sales increased 1.5% in October, and were 2.5% above the same period a year ago. The National Association of Realtors (NAR) reported October 2014 total existing home sales at a… Read More ›

Increased Sales Leave First-Time Buyers Behind

Existing home sales increased to the highest level of the year, having posted gains for five of the last six months, despite weakness among first-time buyers. Existing home sales increased 2.4% in September, but remain 1.7% below the same period a year ago. The National Association of Realtors (NAR) reported September 2014 total existing home sales at a seasonally adjusted… Read More ›

Cash Investors Withdraw

Existing home sales declined for the first time in four months as all-cash investors continue to retreat, further opening up the market for first-time buyers. Returning first-time homebuyers to the existing home sales sector is important because prospective repeat buyers must sell their existing homes before buying newly built homes. Existing home sales decreased 1.8% in August, and are 5.3%… Read More ›

Existing Sales Continue to Increase

Existing home sales increased for the fourth consecutive month and the share of distressed sales decreased, making the report positive news for future new home sales because each prospective repeat buyer must sell their existing home before buying a newly built home. Existing home sales increased 2.4% in July, but are still 4.3% below the same period a year ago…. Read More ›

Existing Sales Pass 5 Million

Existing home sales continued to increase from the winter quarter and passed the 5 million mark for the first time since October 2013. This increase is positive news for future new home sales because each prospective repeat buyer must sell their existing home before buying a newly built home. Existing home sales increased 2.6% in June, but are still 2.3%… Read More ›

Eye on the Economy: Home Sales Surge after Slow First Quarter

Housing news continued to improve as pending home sales surged following a slow first quarter. Home prices also continued to move higher but at a more moderate pace, suggesting the extra push caused by investors may be slowing. Economic news, however, was mixed. Consumer confidence increased in response to improving labor market conditions. On the other hand, new estimates from… Read More ›