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.
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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. Today’s existing home sales report from the National Association of REALTORS(R) shows existing home sales in December were at at a seasonally adjusted-annual rate of 5.28 million units which is an increase of 12.3 percent from November and is a decline of 2.9 percent from a year ago. Preliminary numbers for 2010 show 4,908,000 existing Continue reading… Existing home sales jump in December; Signs we are headed toward recovery Dennis Norman The National Association of REALTORS Pending Home Sales Index for November shows an increase of 3.5 percent in the index from the month before (seasonally adjusted), and a 5.0 percent decrease from a year ago. Today’s existing home sales report from theNational Association of REALTORS(R) shows existing home sales in November were at at a seasonally adjusted-annual rate of 4.68 million units which is an increase of 5.6 percent from October and is a decline of 27.9 percent from a year ago. The National Association of REALTORS (NAR) published its’ “Remodeling Cost vs. Value Report” for this year and in it rated exterior replacement projects among the most cost-effective home improvement projects. This reinforces something most REALTORS will tell you which is that a homes curb appeal plays a significant role in the sale of the home. 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 20.5 percent decrease from a year ago. Today’s existing home sales report from theNational Association of REALTORS(R) shows existing home sales in October were at at a seasonally adjusted-annual rate of 4.43 million units which is a decrease of 2.2 percent from September and is a decline of 25.9 percent from a year ago. According the to the National Association of REALTORS® (NAR), the largest obstacles to the recovery of the housing market are job creation and the availability of credit. At their board meeting last week, NAR approved a credit polity to urge the mortgage lending industry to “reassess and amend their policies so more qualified home buyers Continue reading… REALTORS’ Say Jobs and Access to Credit Needed for Housing Recovery The National Association of Realtors® announced that it “strongly supports” the proposed guidance from the Federal Housing Finance Agency to prevent government-sponsored enterprises Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks from investing in mortgages encumbered by private transfer fee covenants. In a letter sent to the Federal Housing Continue reading… REALTORS® Support Proposal to End Private Transfer Fees Dennis Norman The National Association of REALTORS® just released their 2010 Survey of Home Buyers and Sellers which shows that people still look at home ownership as a good long-term investment and the typical seller is experiencing positive returns from home ownership. Dennis Norman At the National Association of REALTORS® Conference and Expo in New Orleans today, “a slow, steady recovery” was predicted for the housing market despite ongoing challenges. Lawrence Yun, National Association of Realtors® chief economist, said that he expects “continuing improvement of underlying fundamentals of the current market in coming years.” Dennis Norman The National Association of REALTORS Pending Home Sales Index for September shows a decrease of 1.8 percent in the index from the month before (seasonally adjusted), and a 24.9 percent decrease from a year ago. Dennis Norman Today’s existing home sales report from theNational Association of REALTORS(R) shows existing home sales in September were at at a seasonally adjusted-annual rate of 4.53 million units which is an increase of 10.0 percent from August but is a a decline of 19.1 percent from a year ago. Dennis Norman Pending home sales rise for 2nd consecutive month in August - The National Association of REALTORS Pending Home Sales Index for August shows an increase of 4.3 percent in the index from the month before (seasonally adjusted), which is 20.1 percent below a year ago. Dennis Norman After July’s existing home sales fell over 27 percent and hit ROCK BOTTOM, August didn’t fare much better….. Today’s existing home sales report from theNational Association of REALTORS(R) shows existing home sales in August were at at a seasonally adjusted-annual rate of 4.13 million units which is an increase of 7.6 percent from Continue reading… Existing home sales in August improve slightly reaching second-lowest rate in over fourteen years Dennis Norman After hitting all-time low in June, pending home sales increase 5.2 percent in July The National Association of REALTORS Pending Home Sales Index for July shows an increase of 5.2 percent in the index in July (seasonally adjusted) which is 19.1 percent below July 2009. 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 NAR Pending Home Sales Index at Lowest Level Since Index Began in 2001 At dropping 30 percent in May as a result of the rush to buy a home before the April 30th tax credit deadline, the National Association of REALTORS Pending Home Sales Index for June shows a further decline of 2.6 percent in Continue reading… Pending Home Sales Hit a new Record-Low in June
Dennis Norman This week I attended an event at the St. Louis Association of REALTORS® in which Lawrence Yun, Chief Economist for the National Association of REALTORS® was the featured speaker and gave his take on the housing market as well as his housing market outlook. 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 I may be getting desperate to find something good to write about with regard to the Housing Market, but nonetheless I found some good news today! According to a report titled “Foreign Investment in U.S. Real Estate” that was released recently by the National Association of REALTORS®, investment in residential real estate in Continue reading… Foreign Purchases of US Residential Real Estate Nearly Doubles Dennis Norman There was no question in my mind that home sales would plummet after the April 30th deadline to buy a home and qualify for the home-buyer tax credit passed, the only question was how bad? Today the National Association of REALTORS released it’s Pending Home Sales Index for May showing a decrease of 30.0 Continue reading… Pending Home Sales Index For May Drops to Lowest Level In History of Index 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 Today the National Association of REALTORS released it’s Pending Home Sales Index for April showing an increase of 6.0 percent in the index from March (seasonally adjusted) and a whopping 22.4 percent increase from April 2009. This comes on the heels of a 5.3 percent increase in March and an 8.3 Continue reading… Pending Home Sales Increase In April as Buyers Rush to Beat Tax Credit Deadline |
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