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Today’s existing home sales report from the National Association of REALTORS® shows existing home sales in December were at at a seasonally adjusted-annual rate of 4.61 million units which is an increase of 5.0 percent from the month before and an increase of 3.6 percent from a year ago. The actual number of homes Continue reading… Home sales and prices increase in December; Inventory down to near-normal level The National Association of Realtors’ research staff recently released its comprehensive annual report: Profile of Home Buyers and Sellers for 2011. Market researcher, Paul C. Bishop, Ph. D., Vice President and Jessica Lautz, Manager of Consumer Survey Research state that they’ve identified “trends that have not been seen in the last 10 years,” which will affect Continue reading… Mortgage Rate Update; Trends that will affect the housing market in 2012 Today CNBC reported that the National Association of REALTORS (NAR), the country’s leading source of existing home sales data, will be revising their home sales numbers from 2007 through October of this year downward because of “double counting, indicating a much weaker housing market than previously thought”. This is not a new thought Continue reading… National Association of REALTORS says "Sales were weaker than people thought" Dennis Norman The National Association of REALTORS Pending Home Sales Index for October shows an increase of 10.4 percent in the index from the month before (seasonally adjusted), and a 9.2 percent increase from a year ago. This is the first time in four months that the index has increased and marks the highest level the Continue reading… Home sales jump in October to highest level in 18 months Today’s existing home sales report from the National Association of REALTORS® shows existing home sales in October were at at a seasonally adjusted-annual rate of 4.97 million units which is an increase of 1.4 percent from the month before and an increase of 13.5 percent from a year ago. Seventy-eight percent of recent home buyers said their home is a good investment,according to the 2011 Survey of Home Buyers and Sellers conducted by the National Association of REALTORS. This morning the National Association of REALTORS released a report showing the median sales price of homes for metropolitan areas throughout the U.S. in the third quarter as well as a report showing total home sales by state for the quarter. The reports showed mixed results, with metro median home prices in the U.S. Continue reading… Metro home prices fall in 3rd quarter but home sales by state on the rise Dennis Norman The National Association of REALTORS Pending Home Sales Index for September shows a decrease of 4.6 percent in the index from the month before (seasonally adjusted), and a 6.4 percent increase from a year ago. This is the third consecutive month the index has decreased from the month before and, and the year over Continue reading… Home sales fall in September; third consecutive month of decline Today’s existing home sales report from the National Association of REALTORS® shows existing home sales in September were at at a seasonally adjusted-annual rate of 4.91 million units which is a decrease of 3.0 percent from the month before, an increase of 11.3 percent from a year ago and is the second highest rate of Continue reading… Home sales and prices decline in September Dennis Norman The National Association of REALTORS Pending Home Sales Index for August shows a decrease of 1.2 percent in the index from the month before (seasonally adjusted), and a 7.7 percent increase from a year ago. This is the second consecutive month the index has decreased from the month before and, while the year Continue reading… Home sales decline in August; second consecutive month of declines Today’s existing home sales report from the National Association of REALTORS® shows existing home sales in August were at at a seasonally adjusted-annual rate of 5.03 million units which is an increase of 7.7 percent from the month before, an increase of 18.6 percent from a year ago and is the highest rate of home Continue reading… Existing home sales on the rise in August; on pace to beat last year National Association of REALTORS® (NAR) President, Ron Phipps, wrote a letter to Shaun Donovan, Secretary of the Department of Housing and Urban Development, Timothy Geithner, Secretary of the Treasury Department and Edward DeMarco, Acting Director of the Federal Housing Finance Agency with suggestions on how to improve the Real Estate Owned (REO) asset disposition programs Continue reading… REALTORS offer suggestions to the Fed on how to deal with the REO problem Dennis Norman The National Association of REALTORS Pending Home Sales Index for July shows, after two consecutive months of increases, a decrease of 1.3 percent in the index from the month before (seasonally adjusted), and a 14.4 percent increase from a year ago (last month’s index was up 19.8 percent from the year before). Today’s existing home sales report from the National Association of REALTORS® shows existing home sales in July were at at a seasonally adjusted-annual rate of 4.67 million units which is a decrease of 3.5 percent from the month before, an increase of 21.0 percent from a year ago and is the lowest rate of home Continue reading… Existing home sales drop in July; Actual 2011 home sales through July down 5 percent from same time last year Dennis Norman The National Association of REALTORS Pending Home Sales Index for June shows an increase of 2.4 percent in the index from the month before (seasonally adjusted), and a whopping 19.8 percent increase from a year ago. This is the second month in a row that the index increased on a year-over-year basis. Today’s existing home sales report from the National Association of REALTORS® shows existing home sales in June were at at a seasonally adjusted-annual rate of 4.77 million units which is a decrease of 0.8 percent from the month before, a decrease of 8.8 percent from a year ago and is the lowest rate of home Continue reading… Existing home sales drop in June; ‘Actual’ home sales highest in 12 months Dennis Norman The National Association of REALTORS Pending Home Sales Index for May shows an increase of 8.2 percent in the index from the month before (seasonally adjusted), and a 13.4 percent increase from a year ago. This is the first time since April 2010 that the index increased on a year-over-year basis, and had Continue reading… Pending home sales increase in May; largest monthly gain since last year Today’s existing home sales report from the National Association of REALTORS® shows existing home sales in May were at at a seasonally adjusted-annual rate of 4.81 million units which is a decrease of 3.8 percent from the month before and is a decrease of 15.3 percent from a year ago and is the lowest rate Continue reading… Existing home sales in May fall to lowest level since last year The improving economy and job creation mean growing demand for commercial real estate, according to the National Association of Realtors®. Lawrence Yun, NAR chief economist, said job creation will be the biggest factor moving forward. “Job growth creates demand for commercial space, and the economy should be adding between 1.5 million Continue reading… Commercial Real Estate Markets Stabilizing, Demand Growing says NAR Today’s existing home sales report from the National Association of REALTORS® shows existing home sales in April were at at a seasonally adjusted-annual rate of 5.05 million units which is a decrease of 0.8 percent from the month before and is a decrease of 12.9 percent from a year ago. Speaking yesterday at a forum at a meeting of the National Association of REALTORS (NAR), several industry “experts” had reasonably optimistic opinions of the housing market and expect home sales to continue on an uptrend through 2012. Among the experts at the forum was, of course, Lawrence Yun, the chief economist for NAR, who said he Continue reading… Housing and Economic Forecasts Point to Rising Activity and Flat Home Prices The commercial real estate market continues a slow pace toward recovery with occupancy rates rising in the office and industrial properties in most major cities across the U.S. supported by rising employment and restocking of wholesale inventory, according to National Association of Realtors® Chief Economist Lawrence Yun. In the second half of Continue reading… NAR Chief Economist Sees Sluggish but Improving Commercial Outlook Pending home sales increase in March; prediction is for an increase in existing home sales this yearDennis Norman The National Association of REALTORS Pending Home Sales Index for March shows an increase of 5.1 percent in the index from the month before (seasonally adjusted), and a 11.4 percent decrease from a year ago. This is the third-consecutive month over month increase for the pending home sales index. Today’s existing home sales report from the National Association of REALTORS® shows existing home sales in March were at at a seasonally adjusted-annual rate of 5.1 million units which is an increase of 3.7 percent from the month before and is a decrease of 6.3 percent from a year ago. According to a study, the Community Preference Survey, conducted for the National Association of Realtors®, Americans favor walkable, mixed-use neighborhoods, with 56 percent of respondents preferring smart growth neighborhoods over neighborhoods that require more driving between home, work and recreation. Dennis Norman The National Association of REALTORS Pending Home Sales Index for February shows an increase of 2.1 percent in the index from the month before (seasonally adjusted), and a 8.2 percent decrease from a year ago. There were some wide swings regionally in this months statistics as the Northeast region had a 10.9 percent Continue reading… U.S. Pending Home Sales increase slightly in February; mixed results regionally Today’s existing home sales report from the National Association of REALTORS® shows existing home sales in February were at at a seasonally adjusted-annual rate of 4.88 million units which is a decrease of 9.6 percent from January and is a decrease of 2.8 percent from a year ago. Dennis Norman The National Association of REALTORS Pending Home Sales Index for January shows a decrease of 2.8 percent in the index from the month before (seasonally adjusted), and a 1.5 percent decrease from a year ago. Today’s existing home sales report from the National Association of REALTORS® shows existing home sales in January were at at a seasonally adjusted-annual rate of 5.36 million units which is an increase of 2.7 percent from December and is an increase of 5.3 percent from a year ago. Dennis Norman The National Association of REALTORS Pending Home Sales Index for December shows an increase of 2.0 percent in the index from the month before (seasonally adjusted), and a 4.2 percent decrease from a year ago. |
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