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Dennis Norman Beginning last November I have written several articles about the “sugar-rush” effect of tax credits and other stimulus on the housing market and voicing my concern that these things are short lived (like a sugar rush on a child) and after the sugar wears off there is a crash….Well, as expected, here it Continue reading… Home Sales Plummet in July to Record Low Dennis Norman Last month I said that I expected to see some elevated numbers in the existing home sales report for May and June since this report would reflect the actual closing of the home purchases from buyers that raced to buy before the April 30th home-buyer tax credit deadline. Even though Congress has extended Continue reading… Closing of Tax Credit Induced Home Purchases Prop-Up Market in June Dennis Norman May and June Sales Expected to Remain Elevated as Buyers Rush to Close By June 30th Deadline for Tax Credits. The deadline to buy a home and qualify for the home-buyer tax credit was April 30th so it’s not surprising we saw pending home-sales increase dramatically in March and April as buyers rushed to Continue reading… Home Sales Fall Slightly in May; Still Propped-Up By Tax Credit Deals Dennis Norman Sales increased for second consecutive month- With the home-buyer tax credits ending April 30th, it’s not surprising that we saw an increase of home sales in March, and now in April, as buyers rushed to buy before the deadline to have a congract of April 30, 2010. According to the latest report from the Continue reading… Existing Home Sales Increase In April As Tax Credits End Dennis Norman According to the latest report from the National Association of REALTORS(R), existing home sales in the US in March increased 6.8 percent to a seasonally adjusted-annual rate of 5.35 million units in March from a revised level of 5.01 million units in February, and increased 16.1 percent from a year ago when the Continue reading… Existing Home Sales Jump in March – Market shows signs of leveling off Dennis Norman According to the latest report from the National Association of REALTORS(R), existing home sales in the US in February decreased 0.6 percent to a seasonally adjusted-annual rate of 5.02 million units in February from a revised level of 5.50 million units in January, however this does represent an increase of 7.0 percent from a year ago Continue reading… February Existing Home Sales Vary By Region and Price
Dennis Norman According to the latest report from the National Association of REALTORS(R), existing home sales in January decreased 7.2 percent to a seasonally adjusted-annual rate of 5.05 million units in January from a level of 5.44 million units in December, however this does represent an increase over a year ago when the rate was Continue reading… Existing home sales drops in January
Dennis Norman NAR’s “seasonally-adjusted” numbers show sales down 16.7 percent for the month…2009 finishes with 5,156,000 homes sold…My projection for the year was 5,143,000 homes….missed it by 13,000 (2/10 of 1 percent) hmm..not bad for a “non-economist” According to the latest report from the National Association of REALTORS(R), existing home sales in December decreased Continue reading… December home sales plummet but 2009 finishes stronger than 2008
Dennis Norman NAR’s “seasonally-adjusted” numbers show sales up 7.4 percent for the month…”actual” numbers show a 5.2 percent decrease….Sales up 44 percent from last year, lest we not forgot last year was the worst in over 10 years… According to the latest report from the National Association of REALTORS(R), existing home sales in November increased 7.4 Continue reading… ‘Actual’ Existing home sales drop 5.2 percent in November; Up 4.2 percent from a year ago Dennis Norman National Association of REALTORS Report: According to the latest report released today from the National Association of REALTORS(R), existing home sales in October jumped 10.1 percent to a seasonally adjusted-annual rate of 6.10 million units in October from a revised level of 5.54 million in September, and are 23.5 percent higher than the 4.94 Dennis Norman Finally, some good news! According to the latest report released today from the National Association of REALTORS(R), existing home sales in September jumped 9.4 percent to a seasonally adjusted-annual rate of 5.57 million units in September from a level of 5.09 million in August, and are 9.2 percent higher than the 5.10 million-unit pace Continue reading… Existing home sales for September at highest pace in over two years Dennis Norman By: Dennis Norman More good news on housing-house buyers are coming back and the housing market is setting records! According to the latest report released today from the National Association of REALTORS(R), existing home sales in July rose 7.2 percent to a seasonally adjusted rate of 5.24 million units up from a level of 4.89 Continue reading… Existing Home Sales rose 7.2 percent in July Dennis Norman The good news about the real estate market keeps coming! Don’t get too excited yet, I don’t know that the worst of it is over yet, not sure if the “fat lady has sang” yet or not, but at least the reports lately on the market have been encouraging. According to the latest report Continue reading… More good news; Home sales rise in 39 states in 2nd quarter Dennis Norman By: Dennis Norman Today the National Association of REALTORS(R) released its existing home sales report for June showing an increase in sales for the 3rd month in a row and home prices declining less sharply. Existing home sales, including single-family, town-homes, condominiums and co-ops increased 3.6% in June to a seasonally adjusted annual rate of Continue reading… Existing home sales for June up 3.6% over May – 3rd month for gain |
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