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Tag Archives: Home Sales

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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Cash Sales Share Hits 4-Year Low

Home sales transacted in cash slipped again in May, falling to a four-year low but remaining elevated compared to the long-run average. According to sales data put together by CoreLogic, cash sales made up 34.4 percent of total home sales in May, down from 37.4 percent a year prior. It was the lowest share since May 2010, when all-cash sales started ramping up to an eventual peak of 46.2 percent in January 2011.

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As Housing Gains Slow, Some Markets Shine Brighter

In its June National Housing Trend Report, Realtor.com reported the national housing market continued to gain some strength as summer got under way, though the rate of recovery dimmed somewhat. While current and seasonal trends would suggest home sales will see a slowdown in the coming months, national indicators are masking some of the activity happening in individual markets, says Jonathan Smoke, chief economist for Realtor.com.

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Connecticut Home Sales Pick Up Strength in June

Single-family home sales in the Constitution State totaled 2,799 in June, according to the Warren Group, marking a 5.8 percent increase from a year ago. It was the fourth time so far this year that home sales have performed better annually. Throughout the entire second quarter, sales totaled 6,679, down nearly 5 percent compared to the year-ago period.

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New Housing Outlook Ditches Bearish Concerns

In response to recent bearish housing outlooks, Altos Research recently released its own decidedly more positive forecast. "It's scary to be a contrarian, particularly if you're contrarian and bullish. In retrospect, this position is the most fun—if you're right," said Michael Simonsen, co-founder and CEO of Altos.

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