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Tag Archives: Home Sales

California Home Sales Weaken in August

Real estate information firm CoreLogic DataQuick estimated Friday that August home sales in the state—including new and resale houses and condos—totaled 37,228 last month, down 6.0 percent from July's estimate of 39,608. Compared to a year ago, sales fell 12.5 percent short. California sales have come in below average every month for more than eight years, the firm said.

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Housing Activity Stays Flat in Connecticut

Home sales in Connecticut barely nudged up in July, marking the fifth annual increase in what has so far been a mild year for the state. According to data released this week by the Warren Group, single-family home sales in the Constitution State totaled an estimated 3,152 in July, an increase of 0.7 percent over the same month last year.

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Cash Sales Share Down to One-Third in June

The all-cash share of home sales dropped in June to its lowest level since the start of the financial crisis, CoreLogic reported Tuesday. In a post for the company's Insights Blog, senior economist Molly Boesel revealed that cash sales accounted for 33 percent of total transactions in June, down from 36.3 percent a year ago and the lowest share since September 2008.

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Report: Mixed Housing, Economic Picture in Alabama

While the state of Alabama has been slow to recover economically since the recession officially ended five years ago, the housing market's recovery in the state has struggled along with the rest of the nation so far this year, according to a commentary from Wells Fargo's Economics Group.

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Historical Home Search Trends Indicate Approaching Slump

Based on trend data collected from 2011–2013, Trulia reported Tuesday that home searches on its website nationally come in 6 percent below the annual average for the months of September and October as summer transitions into fall. Trulia's analysis follows a report last week from Redfin in which Chief Economist Nela Richardson predicted the strongest fall season in years for home sales as the market comes closer to balance.

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Title Insurance Premiums Down 16.6% in Q2

In its 2014 Second Quarter Market Share Analysis, the American Land Title Association (ALTA) reported that the industry generated $2.7 billion in premiums in Q2 2014, down from $3.3 billion the industry generated in Q2 2013. "A lackluster spring homebuying season that was weaker than anticipated coupled with a substantial decline in refinance activity resulted in the drop in title insurance premium volume," said ALTA CEO Michelle Korsmo.

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Is a Housing Surge in the Cards for Fall?

The balance of power in the housing market is continuing its tilt back to buyers—and that could spell a surge in home sales in the coming months. In the brokerage's latest Real-Time Housing Market Tracker, Redfin Chief Economist Nela Richardson notes two ongoing trends indicating a shift to a more balanced market as the nation heads into fall.

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Despite Struggles, High Hopes for Colorado’s Housing

Colorado's unemployment rate dropped to 5.3 percent in July, and the state's real gross domestic product (GDP) grew at a rate of two points faster than the national average in 2013, according to a recent report from Wells Fargo's Economics Group. Where housing recovery is concerned, however, Colorado's struggles mirror those of the country as a whole, according to Wells Fargo.

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California Home Sales Weakest Since 2008

Real estate data site PropertyRadar reported a slight month-over-month gain in home sales across California in July, but not enough to bring activity up from last year. Sales for single-family homes and condos for the first seven months of 2014 year-to-date are at their lowest levels since 2008, the company said in its latest Real Property Report for the state.

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July Home Sales Stall

Home sales for July decreased slightly from the previous month after increasing for four months in a row, according to the July 2014 RE/MAX National Housing Report released on August 14. Meanwhile, home prices fell marginally month-over-month but increased year-over-year.

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