Tag Archive for ‘Existing Home Sales’

Existing Home Sales Hits 13-Year High in February

Supported by historically low interest rates and rising demand, existing home sales, as reported by the National Association of Realtors (NAR), surged to 13-year high in February after a slight decline in January. Unfortunately, this will mark the high water mark for some time due to virus concerns. Total existing home sales, including single-family homes, townhomes, condominiums and co-ops, rose 6.5%… Read More ›

Existing Home Sales Slip But Remain Solid

After hitting a near two-year high in December, existing home sales, as reported by the National Association of Realtors (NAR), dropped in January amid tight inventory and rising prices. Total existing home sales, including single-family homes, townhomes, condominiums and co-ops, fell 1.3% to a seasonally adjusted annual rate of 5.46 million in January. However, on a year-over-year basis, sales were 9.6%… Read More ›

Existing Home Sales End Year with Solid Gain

After a slight decline last month, existing home sales, released by the National Association of Realtors (NAR), surged to near two-year high in December. Total existing home sales, including single-family homes, townhomes, condominiums and co-ops, rose 3.6% to a seasonally adjusted annual rate of 5.54 million in December, the highest level since February 2018. On a year-over-year basis, sales were 10.8%… Read More ›

A Decade of Home Building: The Long Recovery of the 2010s

Home building in the 2010s was a story of the Long Recovery. After the Great Recession, the number of home builders declined significantly, and housing production was unable to meet buyer demand. This deficit of housing in the United States continues to exist because of persistent supply-side headwinds for builders, creating a critical housing affordability challenge for renters and homebuyers…. Read More ›

Existing Home Sales Decline in November

After downward revisions made to October data, existing home sales, released by the National Association of Realtors (NAR), declined more than expected in November. Total existing home sales, including single-family homes, townhomes, condominiums and co-ops, fell 1.7% to a seasonally adjusted annual rate of 5.35 million in November. On a year-over-year basis, sales were 2.7% higher than a year ago, fifth… Read More ›

Existing Home Sales Rebound in October

Despite the slowdown last month, existing home sales, released by the National Association of Realtors (NAR), climbed more than expected in October. Total existing home sales, including single-family homes, townhomes, condominiums and co-ops, rose 1.9% to a seasonally adjusted annual rate of 5.46 million in October. On a year-over-year basis, sales were 4.6% higher than a year ago. The first-time buyer… Read More ›

Existing Home Sales Disappoint in September

After reaching 17-month high last month, existing home sales, released by the National Association of Realtors (NAR), fell more than expected in September despite low mortgage rates. Total existing home sales, including single-family homes, townhomes, condominiums and co-ops, dropped 2.2% to a seasonally adjusted annual rate of 5.38 million in September. However, sales were still 3.9% higher than a year ago…. Read More ›

Existing Home Sales Continue to Strengthen in August

Boosted by low mortgage rates, existing home sales, released by the National Association of Realtors (NAR), rose to 17-month high in August. Total existing home sales, including single-family homes, townhomes, condominiums and co-ops, climbed 1.3% to a seasonally adjusted annual rate of 5.49 million in August, the largest gain since March 2018. On a year-over-year basis, sales were 2.6% up than… Read More ›

Existing Home Sales See First Year-Over-Year Gain in a Year, Boosted by Lower Mortgage Rates

After a minor decline in June, existing home sales, released by the National Association of Realtors (NAR), rebounded in July. Total existing home sales, including single-family homes, townhomes, condominiums and co-ops, climbed 2.5% to a seasonally adjusted annual rate of 5.42 million in July. On a year-over-year basis, sales were 0.6% up than a year ago, the first year-over-year gain in… Read More ›

Existing Home Sales Weaken in June

After gains in May, existing home sales, released by the National Association of Realtors (NAR), fell more than expected in June. Total existing home sales, including single-family homes, townhomes, condominiums and co-ops, dropped 1.7% to a seasonally adjusted annual rate of 5.27 million in June. On a year-over-year basis, sales were 2.2% lower than a year ago, marking the sixteenth straight… Read More ›