Tag Archives: For-Sale Homes

Trulia reported a 0.3 percent decline in asking prices from June to July--the first drop since November 2012. While monthly changes can be volatile, Trulia explained the quarter-over-quarter change in asking prices confirms the slowdown, with July asking prices improving just 3.3 percent over the last quarter compared to the peak of 4.2 percent in April. Over the last year, asking prices were still strong, rising 11 percent, though Trulia noted the change won't be as apparent since the annual average is based on a longer time period.

The real estate market continued to slow its pace in June as inventory growth eased pressure for buyers to act fast, Redfin revealed in its Fastest Real Estate Markets Report. According to Redfin's data, the percentage of homes under contract within 14 days fell to 30.5 percent nationwide in June, down from 31.9 percent in May. However, things are still moving faster than they were last June, when only 23.2 percent of homes went under contract that quickly.

Responding to higher mortgage rates, the National Association of Realtors' (NAR) Pending Home Sales Index (PHSI) slipped 0.4 percent in June to 110.9, the group reported Monday.

President Obama embarked this week on a series of speeches designed to highlight the nation├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós continued economic stress. The immediate response and from both ends of the political spectrum was to decry his efforts as same-old, same-old. And, it is true the President has made this pitch before, emphasizing that the significant progress has made is not enough.

The seasonally adjusted annual rate of sales welled 8.3 percent in June to 497,000, according to a report from the Census Bureau and HUD. Economists surveyed by Bloomberg expected June sales to increase to 484,000 from May's originally reported 476,000. The median price of a new home fell 5.0 percent in June to $249,700, the third time the median price has dropped in the last four months. At the same time, May's median price was revised down to $262,800 from the originally reported $263,900.

A recent survey from United States Appraisals shows appraisers are less confident in the overall state of the housing market than they were at the end of the first quarter.

According to data reported by Redfin agents operating in 19 U.S. markets, June sales were down 4.7 percent compared to May, though they were still 2.7 percent up year-over-year. Home prices, on the other hand, continued to climb, coming in 4.3 percent higher than May and 18.7 percent higher year-over-year. Every one of the markets tracked in Redfin's report saw prices rise both on a monthly and yearly basis. Inventory also posted another solid gain in June, rising 2.4 percent month-over-month.

Existing-home sales fell 1.2 percent in June to an annual sales rate of 5.08 million as the price of a single-family home rose 13.5 percent from a year earlier--the strongest year-over-year gain since November 2005, the National Association of Realtors (NAR) reported Monday. The drop in sales came despite an increase in April in NAR├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós Pending Home Sales Index, which tracks contracts for existing single-family homes. The index rose in April to 105.7 from 104.1 in March and fell in May.

Annual home price and sales gains continued their streak in June, increasing on a yearly basis for the 17th straight month, according to RE/MAX's monthly housing report.

Realtor.com released its National Housing Trend Report for the month of June 2013, revealing significant gains in several major market indicators. Statistics showed a significant jump in both year-over-year median list prices and month-over-month inventories in pivotal California markets (with raises of over 20 percent and over 40 percent respectively). Nationwide, the median list price was up 5.27 percent year-over-year. In addition, June's inventories were 4.26 percent more than those in May.