Supply and demand challenges are expected to slow down existing-home sales to early summer levels at 5.44 million units, according to Auction.com’s Real Estate Nowcast.
Read More »Existing Home Sales to Pick Up in September; Market Shifts to Buyer’s Favor
Existing home sales had a less than promising performance in August, but Auction.com's Real Estate Nowcast projects that they will pick back up in September. Realtor.com also predicts that lower prices and less competition will shift the housing market from seller's favor to buyer's.
Read More »Existing-Home Sales Solid, But Expected to Slow Down
While existing-home sales have seen solid gains in 2015, reaching levels not seen since before the crisis seven years ago, the rate of increase may be slowing down, according to data released by Auction.com on Tuesday.
Read More »Pending Home Sales Rise Moderately In July
Pending home sales increased slightly in July for the sixth time in seven months, according to the National Association of Realtors. The Pending Home Sales Index increased 0.5 percent to 110.9 in July from an upwardly revised 110.4 in June.
Read More »Existing-Home Sales Soar to Highest Level in Eight Years
Existing-home sales rose higher in July, while low inventory levels and rising prices are the largest factors lowering sales to first-time buyers to their lowest share since January, according to a report from the National Association of Realtors released Thursday.
Read More »Existing Home Sales Expected to Modestly Increase in July
Auction.com, LLC has revised its July Real Estate Nowcast downward. According to Auction.com, existing home sales in July are now projected to fall between seasonally adjusted annual rates of 5.39 and 5.75 million annual sales with a targeted number of 5.57 million.
Read More »New and Existing Home Sales Expected to Recover From Monthly Declines
New home sales have been trending up for the last three years and the National Association of Home Builders (NAHB) expects that to continue on into next year as job gains drive up demand for housing.
Read More »Existing-Home Sales Turnovers Fall Short of ‘Normal’ Rates
The Mortgage Bankers Association (MBA) recently released a chart that highlights the existing-home sales in a historical context. The graph reveals that the rate of housing turnovers, while improving, are not up to ‘normal’ rates. The MBA graph shows that housing markets are recovering, but are still weak. The turnover rate rests slightly above 7 percent currently in the second quarter, an amount that falls short of a ‘normal’ rate of 7.5 percent, but still surpasses the recent low of 4.8 percent from the third quarter of 2010.
Read More »Existing-Home Sales Reach Highest Peak in Six Years and Expected to Keep Rising
As first-time buyers return to the housing market, the total number of existing-home sales saw the largest increase in May than it has in nearly six years, according to a report by the National Association of Realtors (NAR). May home sales experienced a growth spurt following April's decline and are now at their highest pace since November 2009.
Read More »April’s Forecasts for Existing Home Sales and Prices Show Housing is Gaining Momentum
April's target annual sales rate for existing homes of 5.31 million is an increase of 2.3 percent from March and 11.8 percent from April 2014, according to Auction.com. "Among the factors contributing to the jump in March's existing home sales, pent-up demand from weak sales in January and February probably played a significant role," Auction.com EVP Rick Sharga said.
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