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Home >> Tag Archives: Home Sales

Tag Archives: Home Sales

Bay State Home Sales See Modest June Increase

Bay State Home Sales See Modest June Increase

A report by the Warren Group finds that single-family home sales in Massachusetts increased in June, which marks the first year-over-year increase since the start of 2014. Timothy M. Warren Jr., CEO of the Warren Group, explained the monthly increase amid a slow year, noting that June's numbers are reflective of sales initiated during the spring season.

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California Housing Continues on Recovery Track

California Housing Continues on Recovery Track

The California housing market continued on its 2014 trend line in June, picking up from a month prior but remaining subdued compared to last year's more active market. According to real estate data site DataQuick, an estimated 39,254 new and resale homes and condos sold statewide throughout California last month, reflecting a 4.0 percent increase from 37,734 in May.

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Analysts Still Hopeful on Housing in 2014

Analysts Still Hopeful on Housing in 2014

Redfin released its latest market summary, which sees the combination of sales, prices, foot traffic, and inventory as positive signs heading into the fall. "After an abysmal first quarter that drove a disappointing first half, housing will be playing catch-up for the year," said Nela Richardson, Redfin's chief economist. "Though it won't be a seamless transition, we believe the housing market is positioning itself for a stronger finish in the second half of the year."

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Summer Season Starts with Rising Home Sales, Inventory

Summer Season Starts with Rising Home Sales, Inventory

In its monthly National Housing Report, RE/MAX observed another month-to-month climb in transaction levels, marking the fourth straight month of increases following a poor showing at the start of the year. All 52 surveyed metros reported monthly gains. While sales figures remain down nearly 2 percent compared to June 2013, the company says the year-over-year difference is the smallest one recorded year-to-date.

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Housing Mixed in Largely Positive Beige Book

Housing Mixed in Largely Positive Beige Book

The Federal Reserve reported continued growth in economic activity through the United States over the past month, reinforcing recent reports that the economy is moving in a more positive direction after a dismal first quarter. Reports on real estate activity were mixed across the country, though low inventory and rising home prices were common themes in most districts.

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Builder Confidence Hits Six-Month High

Builder Confidence Hits Six-Month High

The National Association of Home Builders' (NAHB) Housing Market Index (HMI) registered a score of 53 in the group's July survey, increasing four points from June. "This is the first time that builder confidence has been above 50 since January and an important sign that it is strengthening as pent-up demand brings more buyers into the marketplace," said NAHB Chair Kevin Kelly.

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April Cash Sales Share Dips to 37%

April Cash Sales Share Dips to 37%

According to CoreLogic senior economist Molly Boesel, cash sales accounted for 36.8 percent of total home sales in April, down from 38.5 percent in March and 40.1 percent in April 2014. The percentage of cash sales as a share of total transactions averaged approximately 25 percent prior to the housing crisis, Boesel said. It peaked in January 2011 at 46.2 percent.

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Pennsylvania Housing Market Sees Second-Quarter Slowdown

Pennsylvania Housing Market Sees Second-Quarter Slowdown

Like much of the country, Pennsylvania's housing market showed a little more life in the second quarter than in the first, though activity fell short of last year. "We're seeing some pockets of the state with positive growth, while others are a little more lackluster," said Kim Skumanick, president of the Pennsylvania Association of Realtors.

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Massachusetts Single-Family Home Sales Drop in May

Massachusetts Single-Family Home Sales Drop in May

Massachusetts single family home sales decreased for the fourth straight month continuing the recent downward trend for the Bay State, according to a report released this week by the Warren Group. Still, there is reason to be optimistic about the market's future prospects in the state, says CEO Timothy M. Warren Jr.

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