Tag Archive for ‘Existing Home Sales’

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 ›

Existing Sales Rebound

Existing home sales rebounded from the winter quarter with the highest monthly increase in almost three years, boosting prospects for homebuilders. Existing home sales increased 4.9% in May, although that rally still left existing sales 5.0% below the same period a year ago. The National Association of Realtors (NAR) reported May 2014 total existing home sales at a seasonally adjusted… Read More ›

Existing Sales and Inventory Increase

Existing home sales increased 1.3% in April, but fell 6.8% from the same period a year ago. The National Association of Realtors (NAR) reported April 2014 total existing home sales at a seasonally adjusted rate of 4.65 million units combined for single-family homes, townhomes, condominiums and co-ops, up from 4.59 million units in March. The West and South increased by… Read More ›

Existing Sales Remain Flat

Existing home sales decreased 0.2% in March, and fell 7.5% from the same period a year ago. The National Association of Realtors (NAR) reported March 2014 total existing home sales at a seasonally adjusted rate of 4.59 million units combined for single-family homes, townhomes, condominiums and co-ops, down from 4.60 million units in February. The Northeast and Midwest increased by… Read More ›

Existing Sales Flat

Existing home sales decreased 0.4% in February, and fell 7.1% from the same period a year ago. The National Association of Realtors (NAR) reported February 2014 total existing home sales at a seasonally adjusted rate of 4.60 million units combined for single-family homes, townhomes, condominiums and co-ops, down from 4.62 million units in January. The West and South increased by… Read More ›

Existing Sales Tumble

Existing home sales decreased 5.1% in January, and decreased 5.1% from the same period a year ago. The National Association of Realtors (NAR) reported January 2014 total existing home sales at a seasonally adjusted rate of 4.62 million units combined for single-family homes, townhomes, condominiums and co-ops, down from a 4.87 million units in December. The slide occurred in every… Read More ›