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Tag Archives: Existing-Home Sales

Existing Home Sales Reach 11-Year Peak

Sales on existing homes reached an 11-year high in November, jumping nearly 6 percent over the month. According to new data, about 5.81 million existing homes were sold in that period.

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Is There a Black Friday for Housing?

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 ...

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How Are Existing Home Sales Faring?

The National Association of Realtors recently released its Existing Home Sales report, discovering the most recent data and trends in the market. Read on to find out just how good—or bad—existing home sales are doing.

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Missing the Mark

When thinking about the overall health of the housing market, it’s important to consider not only its current position, but also where it potentially could be, so as ...

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Economy Experts Present Midyear Forecast

Higher existing-home sales do not necessarily mean high homeownership rate. With homes selling fast, homebuyers are starting to realize they can afford less of what is on the market. Lawrence Yun, chief economist of the National Association of Realtors, Jonathan Spader, senior research associate at the Joint Center for Housing Studies at Harvard University, and Mark Calabria, chief economist and assistant to Vice President Mike Pence weigh in on the 2017 midyear forecast.

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Existing Home Sales, Prices Continue Gaining Ground

Tight inventory is continuing to drive home prices upward, but despite the uptick in cost, sales aren’t slowing down anytime soon. According to a report covering March housing activity, existing home sales and overall home prices were both up. The expected rise in interest rates likely pushed buyers into the market ahead of the spring season.

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Existing Sale Prices Looking Up for March

The latest look at existing home sales by Ten-X anticipates a bump in home sales and prices. The firm’s Nowcast model projects March existing home sales of 5.6 million units and a median sale price of $232,55. But inventory, especially for starter homes, remains tight everywhere.

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