Home >> Tag Archives: Home Sales (page 28)

Tag Archives: Home Sales

Disappointing Sales Knock Down Builder Confidence

The National Association of Home Builders (NAHB) released Thursday its Housing Market Index (HMI) for May, reporting another slip in builder confidence as single-family home sales continue to disappoint. The index, a gauge of homebuilder sentiment toward the single-family housing market, dropped to 45 from a downwardly revised reading of 46 in April. A score below 50 indicates a market viewed by more builders as “poor” rather than “good.”

Read More »

Connecticut Home Sales Rise, Prices Drop in March

Single-family home sales in Connecticut increased year-over-year in March, marking the 11th consecutive annual increase, according to the Warren Group. Meanwhile, the state’s median home price experienced its first downward slide since June 2012. However, Timothy M. Warren Jr., CEO of the Warren Group, called March’s price drop “an aberration of data and not the start of a new trend.”

Read More »

Fed Chair Voices Concerns on Housing Slowdown

While the sudden stop in economic growth in this year’s first quarter might have some market-watchers sending up red flags, Federal Reserve Chair Janet Yellen isn’t especially concerned. One warning sign has caught her eye, however: housing. Faced with recent sales figures, the Fed chief admitted, “[T]he recent flattening out in housing activity could prove more protracted than currently expected rather than resuming its earlier pace of recovery.”

Read More »

Home Flips Drop as Investors Cool

Home "flips" accounted for 3.7 percent of all home sales in the first quarter, RealtyTrac reported Thursday—indicating investors are cooling as the market continues to change shape. "Slowing home price appreciation early this year in many of the most popular flipping markets put some investors in danger of flying too close to the sun," said Daren Blomquist, VP at RealtyTrac.

Read More »

First-Quarter GDP Growth Hits Wall

According to numbers put out by the Commerce Department’s Bureau of Economic Analysis (BEA) Wednesday, real gross domestic product (GDP) grew at an annualized rate of 0.1 percent in Q1, a plunge from the final 2.6 percent growth rate reported for Q4 2013. The sudden slowdown reflects in part the toll this year’s winter season took on economic expansion, though not all changes were weather-related.

Read More »

Home Price Increases Continue to Cool

Home prices as measured by S&P Dow Jones performed more or less as expected in February, with annual growth rates continuing to slow. The S&P/Case-Shiller Home Price Indices shows prices among 20 of the nation’s biggest markets grew 0.8 percent on a seasonally adjusted basis in February, matching January’s rate of growth. Unadjusted, the index was unchanged month-over-month.

Read More »

Low Supply Drives Bay State Sales Down Further

According to the Warren Group, statewide sales dropped 7.8 percent to 2,749 in March, down from 2,980 from the previous year. Home sales in the first quarter were down overall 2.4 percent to 7,557 from 7,745 in last year's first quarter. Timothy J. Warren Jr., CEO of the Warren Group, said, “The low inventory of single-family homes in the market is the primary cause of the decreasing sales activity. Motivated buyers, however, are eagerly bidding for the limited supply which accounts for the increasing sales prices. People want to buy homes before prices and interest rates rise further.”

Read More »

What Happened to the Spring Recovery?

Housing Spring Recovery 2014

In a report issued earlier this week, Fitch Ratings announced it is tapering its forecast for 2014 in acknowledgement of what has so far been a “subpar spring selling season.” Sales of both new and existing homes in March fell short of expectations, dashing optimistic projections of a rebound following the end of an unusually harsh winter. Housing starts also disappointed as homebuilders remain concerned about the shape of the market.

Read More »

Report Offers Second Opinion on March Home Sales

On Thursday, RealtyTrac released its Residential & Foreclosure Sales Report, which showed modest gains in U.S. residential sales in March. The firm reported that March showed a 0.4 percent uptick in overall transactions compared to February and a full 8 percent increase over sales in March 2013. RealtyTrac’s data clashes with other reports released this week about March sales.

Read More »

Subscribe to MDaily

MReport is here for you to stay on top of important developments in the mortgage marketplace. To begin receiving each day’s top news, market information, and breaking news updates, absolutely free of cost, simply enter your email address below.