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Tag Archives: Home Sales

Cash Sales Continue to Recede Annually

In a post on the company's blog site, CoreLogic estimated that cash transactions accounted for 35.5 percent of total home sales in October 2014, down from 38.7 percent the year prior. The decline continued a downward trend started in January 2013, making October the 22nd straight month to see cash sales decline on an annual basis.

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Home Sales, Housing Starts Expected to See Significant Growth in 2015

Employment grew at a rate higher than the national average (3 percent, as opposed to 2 percent) for the 25 to 29 age group, which is good news for housing, because this age group is the key first-time homebuyer segment. Steadily falling oil prices, which are down 45 percent since June, provide more economic growth tailwind going into next year. The drop in oil prices reduces energy-related expenses not just for driving, but for residential real estate also, according to Khater.

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Home Sales, Inventory Weaken in November

Home sales last month were down 5.2 percent year-over-year in 53 of the country's biggest markets, RE/MAX said this week in its latest National Housing Report. The drop, which the company said is normal for this time of the year, followed gains of 0.9 percent in September and 2.6 percent in October—the only two months so far this year to have seen year-over-year improvements.

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2015 Outlook Calls for 4% Increase in Home Sales

In its last outlook of the year, Freddie Mac looked back at five key consensus predictions for 2014, how they fared, and how they will affect housing and the economy next year. In addition to home sales, the four other areas examined were mortgage originations, home values, rental market, and mortgage rates.

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Forecast: Full Steam Ahead for Housing

In its latest forecast, Wells Fargo's Economics Group cited a number of reasons optimistic housing market predictions for next year, namely easing of credit, job and income growth, and mortgage rates near their lowest levels in a generation.

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Connecticut Home Sales Up as Prices Keep Falling

Statewide, sales of single-family homes increased 7.0 percent annually in October to a total of 2,379, the Warren Group reported this week. It was the best October sales figure since 2007, when transactions totaled 2,605. The year-to-date sales total came closer to catching up to last year, coming to 21,546—a decline of less than 1 percent.

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Cash Sales Continue to Drop Annually

Cash sales accounted for 34.8 percent of total home sales, CoreLogic reported, down from 37.2 percent in September 2013. The share of cash sales has fallen annually every month since January 2013. Before the start of the housing crisis, the cash sales share of total homes averaged nearly 25 percent.

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Rhode Island Home Sales See October Increase

Sales of single-family homes in Rhode Island increased by 3.2 percent in October from the previous year, the fifth time in 2014 single-family home sales have increased year-over-year in the state, according to a report released Monday by the Warren Group.

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2015 Forecast Calls for Bounce in Home Sales

In keeping with other recently released predictions, the latest housing forecast from market research firm IHS Global Insight calls for modest growth in home sales in 2015 following what's been a disappointing year. In her outlook, IHS economist Stephanie Karol focuses on two major trends that have shaped the housing market in 2014.

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