Tag Archives: Existing home sales

Existing Home Sales | Housing's Turnaround May Have Arrived ” With Some Caveats

Existing-home sales are likely to speed up in coming months, reviving a market rebound that lost its legs during the first quarter, according to pending-sales data released Monday.The National Association of Realtor’s index of pending sales for existing homes rose 6.1% in May — the largest growth in four years — and hit the highest level in eight months. Pending sales typically close within two    .. more …

Existing Home Sales | Existing Home Sales Up 4.9%, Beating Street Views By 3%

Existing-home sales grew 4.9 percent nationwide in May, logging the best monthly increase since 2011 according to a brokers’ group.Sales were running at a seasonally adjusted annual rate of 4.89 million, up 4.9 percent from April, the National Association of Realtors said Monday.Wall Street expected a May sales rate of 4.75 million, or three percent lower than the actual number.Meanwhile, prices    .. more …

Existing Home Sales | TABLE-U.S. May Existing Home Sales Rise 4.9 Pct

June 23 (Reuters) – The following is data on U.S. existing home sales from the National Association of Realtors (seasonally adjusted annual rates): Units Sold (in mlns) May Apr AprPrev Mar May’13 Total Existing Homes 4.89 4.66 4.65 4.59 5.15 Single Family 4.30 4.07 4.06 4.04 4.56 Condos/Co-ops 0.590 0.590 0.590 0.550 0.590 Units Sold, Pct Change May Apr AprPrev May14/13 Total Existing Homes 4.9    .. more …

Existing Home Sales | Existing Home Sales Will Fall This Year: Fannie Mae Chief Economist

Duncan says the housing market has been relatively flat this year largely because of the “rate shock” occurring around this time last year which sent rates 1.2% higher in just five months. Comments by then Fed chairman Ben Bernanke that the Fed could begin to taper its asset purchases later in the year sparked the rate rise. Related: The growing wealth divide in the U.S. housing market “Sudden    .. more …

Existing Home Sales | Existing-Home Sales, Inventories Rose In May

WASHINGTON, DC — Sales of existing homes rose robustly in May and inventory gains continued to help moderate price growth, with all four regions of the country experiencing sales gains compared to the month prior, according to the National Association of Realtors.Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose    .. more …

Existing Home Sales | Existing-Home Sales Heat Up In May, Inventory Levels Continue To Improve

WASHINGTON, DC–(Marketwired – Jun 23, 2014) – Existing-home sales rose strongly in May and inventory gains continued to help moderate price growth, according to the National Association of Realtors . All four regions of the country experienced sales gains compared to a month earlier. Total existing-home sales 1, which are completed transactions that include single-family homes, townhomes,    .. more …

Existing Home Sales | Housing Market Falters Amid Rising Prices, Lower-Paying Jobs

The two-year-old U.S. housing recovery is faltering. The Mortgage Bankers Association yesterday lowered its forecast for combined new and existing home sales in 2014 to 5.28 million — a decline of 4.1 percent that would be the first annual drop in four years. The group also cut its prediction on mortgage lending volume for purchases to $595 billion, an 8.7 percent decrease and the first retreat    .. more …

Existing Home Sales | Existing Home Sales In April: 4.65 Million SAAR, Inventory Up 6.5% Year-over-year

The NAR reports: April Existing-Home Sales Show Modest Improvement Behind Gaining Inventory Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 1.3 percent to a seasonally adjusted annual rate of 4.65 million in April from 4.59 million in March, but are 6.8 percent below the 4.99 million-unit level in April    .. more …

Existing Home Sales | US STOCKS-Wall St Advances Modestly, Holds Below Record Highs

* Initial claims rise, but still near 7-year low* Existing home sales up, shy of expectations* Best Buy rises after results* Indexes up: Dow 0.13 pct, SP 0.37 pct, Nasdaq 0.68 pct (Adds existing home sales, comments, updates trading to midday)By Chuck MikolajczakNEW YORK, May 22 (Reuters) – U.S. stocks advanced modestly on Thursday after the latest batch of mixed data failed to deliver the    .. more …

Existing Home Sales | Existing Home Sales Rebound, Inventory Increases

WASHINGTON (Reuters) – U.S. home resales rose in April and the supply of properties on the market increased, suggesting the housing market was regaining its footing. The National Association of Realtors said on Thursday existing home sales increased 1.3 percent to an annual rate of 4.65 million units, marking the second increase in sales in nine months. While that was a bit less than the    .. more …