Tag Archives: Exisiting-Home Sales

It’s a Thanksgiving tradition, nearly as cherished as turkey and football. The day after Americans celebrate all the things they’re thankful for by gathering with loved ones and ...

Although there are still problem areas, Freddie Mac’s latest monthly outlook shows many reasons for optimism, with “housing markets on track for their best year in a decade ...

Citing under production in the homebuilding sector, NAR Chief Economist Lawrence Yun predicts home prices will continue to rise in 2016…but can such increases match the pace of expansion seen in 2015?

One of the major drivers of November’s dropoff in the pace of existing-home sales is likely the implementation of the “Know Before You Owe” mortgage rule, commonly known as the TILA-RESPA Integrated Disclosure rule, which went into effect on October 3.

NAR Chief Economist Lawrence Yun believes pending home sales have been restrained in the fall season as "buyers struggle to overcome a scant number of available homes for sale and prices that are rising too fast in some markets."

Existing-home sales have reversed the downward trend in recorded in August due to stock market declines, rising 4.7 percent to a seasonally adjusted annual rates of 5.55 million in September, the highest pace since February 2007. The National Association of Realtors reported Thursday that September's rebound in existing–home sales marks a year–over–year increase for 12 consecutive months and all four major regions experienced gains.

According to Auction.com’s, LLC Real Estate Nowcast for May, despite an unexpected drop in April, existing-home sales in May are expected to pick up and fall between seasonally adjusted annual rates of 5.03 and 5.34 million annual sales, with a goal of 5.18 million. This is a 2.9 percent increase from April and a 5.8 percent increase from a year ago.

According to the National Association of Realtors (NAR) recent press release, existing-home sales declined in April in all major regions except for the Midwest, but remained above an annual sales pace of five million for the second straight month.