Tag Archives: home sales

Existing Home Sales | Home Sales Slump In The Wake Of Home Buyer’s Tax Opportunities

Home sales were certainly flying high when home buyers were struggling to get offers in on homes before the April 30th deadline for the home buyer’s tax credit qualification; now in the aftermath of that home buying frenzy, the rush for homes seems to have died down over much of the country. Loan requests have dropped to the lowest levels since December 1996 while at the same time mortgage    .. more …

Existing Home Sales | NAR Home Sales Index Rises In October

There is another piece of encouraging news for the US home industry. The number of homebuyers who entered into contracts to purchase homes rose in October. It was the third monthly increase in the data since home-buying contract signings dropped to its lowest in the decade. The National Association of Realtors’ index of sales contracts jumped 10.4% in October. Such contract signings rose in all    .. more …

Existing Home Sales | Seller Financing May Lift Home Sales

Now that the days of loose lending are gone, creative seller financing is poised to make a comeback. Home sellers are exploring ways to attract more buyers, rather than let their property languish on the market. Seller financing may provide a lift to home sales, as well as a good opportunity for home buyers.Financing can be a First Mortgage or a Second Mortgage:A first mortgage lien can be offered    .. more …

New Home Sales | Home Sales Decrease, Down By 80% Since The Industry Boom

Do not count on the new home market for a better economy. Home builders suffered a bad month yet again in October, reaching only a fifth of the rate of sales that they were enjoying during the industry boom five years ago. Sales of new homes fell to an annual average at just 283,000. This was according to the Commerce Department. This is 8.1 percent lower than the already low performance in    .. more …

Existing Home Sales | Pending Home Sales Surprisingly Climb Despite Foreclosure Stoppage

It was a surprise for the Real Estate and housing market. Pending sales in the US of existing homes rose in October. It came despite rising concerns that current problems in mortgage banks’ foreclosure processes might affect market activity. According to the National Association of Realtors’ (NAR) Pending Home Sales Index, pending sales of existing US homes rose to 89.3 in October, up by 10.4%    .. more …

New Home Sales | June Registered A Growth In The Sale Of New Homes

There was a revival of the sale of new homes in the month of June 2010. This rebound came after a record low reading in the month of May. However, the growth remained sluggish. A hike of 23.6% was registered in June leading to 330,000 units after seasonal adjustments of annual rates. The sales in May were at rock bottom level of 267,000. However, a comparative study of sales from the last year    .. more …

New Home Sales | Winter Weather Woes For Home Sales

The unusually severe winter weather, which has battered many parts of the country in recent months, has also had a significant impact on an already distressed housing market. With torrential rain and sweeping snowstorms causing chaos on the roads, prompting widespread power outages and repeated school closures, the disruptive conditions have spelt bad news for sluggish real estate across the    .. more …

Existing Home Sales | Home Sales Drop As Tax Credits Expire

Sales of previously owned homes in June fell, though the drop was less than forecast thanks to a backlog of tax credit-driven sales as the credits expired at month’s end. Sales fell for the second month in a row, falling just over 5 percent to a seasonally adjusted rate of 5.36 million, according to a report from the National Association of Realtors (NAR), and analysts say that sales will likely    .. more …

New Home Sales | New Home Sales Rates Gradually Rising

Government figures reveal an increase in new home sales rate, although the recovery might be slow from the record lows posted earlier this year. The September data shows that number of newly-built single family units increased to 307,000 homes from the 288,000 figures registered from the previous month. Briefing.com says that the sales are already higher than the expected annual rate of 299,000    .. more …

New Home Sales | Decline In Home Prices Expected To Reach 8%

Home prices projections reveal another 8% drop in the third quarter of 2011, according to Moody’s Analytics. This figure could complete a peak-to-trough decline pegged at 34% if it happens. In February this year, the national forecast for price gains by Fiserv, a market analytics company, has been readjusted to about 4% through the end of 2011 with the company making its latest prediction of a    .. more …