Tag Archive for ‘Existing Home Sales’

Existing Home Sales Fell in August

Existing home sales, reported by the National Association of Realtors, soften further in August. Total existing home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, declined to a seasonally adjusted annual rate of 5.33 million units from a downwardly revised 5.38 million units in July. Existing single family sales fell to a seasonally adjusted annual… Read More ›

Existing Sales Stumble

Existing home sales, as reported by the National Association of Realtors (NAR), decreased 3.2% in July and were down 1.6% from the same month a year ago, the first year-over-year decline since November 2015. Total existing home sales in July decreased to a seasonally adjusted rate of 5.39 million units combined for single-family homes, townhomes, condominiums and co-ops, down from… Read More ›

June Pending Home Sales Rise on Gains in the Northeast and the Midwest

According to the National Association of Realtors’ Pending Home Sales Index (PHSI), nationwide, signed contracts for existing homes inched up 0.2% over the month of June 2016. The PHSI is forward looking indicator for contracting closings (i.e. existing home sales). June marks the fourth monthly increase in the PHSI over the past five months. Over the year, the PHSI rose… Read More ›

First Time Buyers Arrive

Existing home sales, as reported by the National Association of Realtors (NAR), increased 1.1% in June to the highest level since February 2007, as first-time buyers grabbed a 33% share, the best performance in four years. June existing sales are up 3.0% from the same month a year ago. Total existing home sales in June increased to a seasonally adjusted… Read More ›

Existing Sales Continue to Impress in May

Existing home sales, as reported by the National Association of Realtors (NAR), increased 1.8% in May to the highest level since February 2007. The May share of first-time buyers, however, remained mired at 30% in May and for all of 2015. May existing sales are up 4.5% from the same month a year ago. Total existing home sales in May… Read More ›

Existing Home Sales – Real Time Tracking

In normal times roughly 70% of new home purchases are trade-up buyers (i.e., they have an existing home to sell) so the strength of existing home sales affects the strength of new home sales. Two series published by the National Association of Realtors (NAR) gauging the strength of the existing home sales sector are: pending sales and sales. The pending… Read More ›

Existing Sales Continue Upward Trend

Existing home sales, as reported by the National Association of Realtors (NAR), increased 1.7% in April, continuing to build from an early year tumble, and showing improvement among first-time buyers. The April share of first-time buyers reached 32.0% in April, compared to an average of 30% for all of 2015. April existing sales are up 6.0% from the same month… Read More ›

Existing Sales Rebound

Existing home sales, as reported by the National Association of Realtors (NAR), increased 5.1% in March, rebounding from the 7.1% tumble in February but showing no signs of increased activity among first-time buyers. The first-time buyer share of 30% in March remained unchanged from last month as well as March 2015. Total existing home sales in March increased to a… Read More ›

Home Prices in January – Approaching Long-Term Trend

S&P Dow Jones Indices reported that the Case-Shiller (CS) National Home Price Index slowed to a 6.4% seasonally adjusted annual growth rate in January, from 8.8% in December. The Home Price Index from the Federal Housing Finance Agency (FHFA) rose at a seasonally adjusted annual rate of 6.7% in January, following 5.7% in December. Surging sales of existing homes as… Read More ›