Tag Archives: Existing-Home Sales

If those in the industry were hoping that the latest existing-home sales report from the National Association of Realtors would bring good news as far as housing inventory, it did not happen.

The consensus within the industry is that existing-home sales are having their best year in a decade. But there is still room for improvement, according to one analysis.

The big storylines of the housing market this year have been short supply and declining affordability, particularly toward the end of the year as mortgage interest rates have risen. Even so, existing-home sales are expected to finish 2016 with their best annual rate since 2006.

NAR Chief Economist Lawrence Yun and Atlanta Fed President Dennis Lockhart discussed economic conditions they believe will result in a “net positive” for housing next year.

A push from first-time buyers reversed a two-month decline in existing-home sales in the previous report from the National Association of Realtors. Will first-time buyers drive existing-home sales again? The industry will find out this week when NAR releases the latest existing-home sales data.

Less competition heading into the fall has meant more opportunities in the existing-homes market for first-time buyers. What effect is this having on existing-home sales?

Buying power is strong despite continued price appreciation, according to one analysis.

In the last new residential construction report, housing starts took a step back after several months of gains. This week, the industry will find out if new construction picked up in the face of a lengthy inventory shortage of existing homes for sale.

The pace of existing-home sales has softened for two straight months, but historical data shows that pace in a better light.

Existing-home sales cooled off in the latest report, and the immediate future doesn't look too bright, according to one analysis.