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Tag Archives: Home Sales

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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Forecast: Housing Stage Set for Millennials

Among its five largest predictions for next year, Realtor.com expects first-time buyers will return to the market in full force after years of retrenchment that has dampened the recovery of the housing market. This push will be led by millennials, now settling into their families, careers, and 30s, who are eager to buy into the American dream.

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Luxury Home Sales Maintain Growth in Q3

Nationwide, home sales fell 1.2 percent in the third quarter compared to the same period last year, the brokerage said in a recent report. Sales have been down year-over-year for every quarter so far in 2014. At the same time, sales of homes priced at at least $1 million continued to lift, rising 9 percent over the past year.

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Rising Incomes, Inventory Boost October Home Sales

Redfin reported a 2.2 percent increase in the number of homes sold in October compared to the same month last year, making it the first month to see a significant yearly increase in home sales so far in 2014. Redfin's data reinforces recent findings from the National Association of Realtors, which estimated October home sales at an adjusted annual rate of 5.26 million, an increase of 2.5 percent from last year.

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Forecast: Economic Growth to Help Housing in 2015

In Freddie Mac's latest Economic and Housing Market Outlook for the United States, the company's economists turn their attention away from 2014—a mixed year for housing, especially compared to 2013—and toward 2015, which they say will see continued strengthening in the market for home purchase mortgages as the economy improves on a broad basis.

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Builder Confidence Rebounds After October Drop

The National Association of Home Builders' (NAHB) Housing Market Index, a closely watched gauge of builder sentiment, rose four points in the latest reading to a level of 58, the group reported. The increase followed a five-point drop in October and put the index close to its September reading of 59, a nearly nine-year high.

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Home Sales, Prices Improve in October; Inventory Worsens

RE/MAX's latest National Housing Report, which follows changes in home sales, prices, and inventory in 53 metro areas across the United States, shows October transactions came in 2.6 percent higher than a year ago. The annual increase came despite a 0.8 percent drop from September's sales total.

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October Home Sales Edge Up in California

According to data released Thursday by CoreLogic DataQuick, sales statewide—including all sales of single-family houses and condos—totaled 36,830 last month, up 1.4 percent from 36,316 in September. A year ago, sales in the Golden State came to 36,468, down 1.0 percent from the most recent data.

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