Eye On Housing
The S&P CoreLogic Case-Shiller US National Home Price Index (CS) was released today. The index has been moving up steadily since hitting a housing bust low in late 2011. But the pace of increase has varied over the ensuing 53 months. Analysts track house price growth in a number of ways: the index (equal to 100 in January 2000) rose… Read More ›
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 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 ›
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 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 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 ›
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 ›
The National Association of Realtors released existing home sales data for February. Sales of existing homes tumbled to a seasonally adjusted annual rate of 5.08 million, from 5.47 million in January. Existing single family sales slowed to 4.51 million, from 4.86 million in January. After several months of heightened volatility the slowdown brings sales more in line with trend growth… Read More ›
The Case-Shiller (CS) National Home Price Index, reported by S&P Dow Jones Indices, slowed to a 9.8% seasonally adjusted annual growth rate in December, from 10.4% in November. The Home Price Index from the Federal Housing Finance Agency (FHFA) rose at a seasonally adjusted annual rate of 5.5% in December, following 7.1% in November. House price appreciation is largely driven… Read More ›
Existing home sales, as reported by the National Association of Realtors (NAR), increased 0.4% in January to the highest level since July, and are up 11.0% from last January. The first-time buyer share for 2015 averaged 30%, up from 29% in 2014 and 2013. Total existing home sales in January increased to a seasonally adjusted rate of 5.47 million units… Read More ›