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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 I came across an interesting chart that I want to share. The chart below, courtesy of Chart of the Day, shows median home prices in the U.S. since 1970 (adjusted for inflation). As you can see from the chart, home prices trended upward from 1970 until peaking in the late 70′s (right Continue reading… Home prices down 30 percent since peak in 2005 and trend is downward 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 By: Dennis Norman Lawrence Yun, Chief Economist, NAR The National Association of REALTORS(R) issued their Pending Home Sales Index Report for May which showed a very modest increase of 0.1% on the index, over April, however May marks the fourth month in a row the index has increased. It was almost five years ago (October, 2004) the last Continue reading… Pending home sales increase again in May – Fourth month in a row |
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