Tag Archive for ‘Existing Home Sales’

Existing Sales Surprise

Existing home sales, as reported by the National Association of Realtors (NAR), decreased 10.5% in November to the lowest level since April 2014, a decline NAR attributed to the implementation of The Know Before You Owe mortgage disclosure rule by the Consumer Financial Protection Bureau (CFPB). The new rule was designed to help consumers understand their loan options and avoid… Read More ›

Home Price Appreciation in September

S&P Dow Jones Indices and the Federal Housing Finance Agency (FHFA) recently released their home prices indexes for September, respectively. The Case-Shiller (CS) national house price index accelerated to a 10.4% seasonally adjusted annual pace in September while the price index from the Federal Housing Finance Agency (FHFA) rose at a 9.5% pace. A surge in sales pushed existing house… Read More ›

Existing Sales Realign

Existing home sales, as reported by the National Association of Realtors, decreased 3.4% in October, and the annual share of first-time buyers in 2015 fell to its second-lowest level since the survey was launched in 1981. Total existing home sales in October decreased to a seasonally adjusted rate of 5.36 million units combined for single-family homes, townhomes, condominiums and co-ops,… Read More ›

Home Prices in August – Moving Toward Normal

S&P Dow Jones Indices released the August results for the S&P/Case-Shiller (CS) house price index. The index shows that house price appreciation accelerated to a seasonally adjusted annual growth rate of 5.4% in August, continuing its recovery from a late spring/early summer slowdown. After recovering from the boom and bust, the growth rate of the CS price index climbed back… Read More ›

Existing Sales Rebound

Existing home sales, as reported by the National Association of Realtors, increased 4.7% in September, and have increased year-over-year for 12 consecutive months. However, the first-time buyer share decreased to 29%, down from 32% the previous month. Total existing home sales in September increased to a seasonally adjusted rate of 5.55 million units combined for single-family homes, townhomes, condominiums and… Read More ›

Existing Home Sales vs. Home Prices

The Federal Housing Finance Agency (FHFA) and the Standard and Poor’s/Case-Shiller (CS) recently released their respective home price indexes for July. The FHFA index shows house price appreciation accelerated to a seasonally adjusted annual rate of 7.3% in July. The CS index shows house prices rose at an annual growth rate of 4.6% in July. Both indexes have been rising… Read More ›

Existing Sales Fall in August But First-Time Buyer Share Rises

Although existing home sales, as reported by the National Association of Realtors, decreased in August after three successive months of growth, the first-time home buyer share increased sharply to 32% from 28% in July. Total existing home sales decreased by 4.8% in August to a seasonally adjusted rate of 5.31 million units combined for single-family homes, townhomes, condominiums and co-ops,… Read More ›

Existing Sales Grow – Except for First-Time Buyers

Existing home sales, as reported by the National Association of Realtors, increased for the third consecutive month in July, and remained at the highest level since February 2007; but the first-time buyer share fell for the second consecutive month to the lowest level since January. Total existing home sales increased by 2.0% in July to a seasonally adjusted rate of… Read More ›

Existing Home Sales Rise to Pre-Recession Level

Existing home sales, as reported by the National Association of Realtors, increased in June to the highest level since February 2007. Although the June percent share of first-time buyers declined from May to 30%, that share remained at or above 30% for the fourth consecutive month. Total existing home sales increased by 3.2% in June to a seasonally adjusted rate… Read More ›

Sales of Existing Homes to First-Time Buyers Rise

Existing home sales, as reported by the National Association of Realtors (NAR), rose to the highest pace in six years in May. The report was also notable due to an increase in purchases by first-time buyers, which rose to the highest share experienced since September 2012. The May pace of existing home sales (5.35 million on seasonally adjusted annual basis) was… Read More ›