Home >> Tag Archives: Home Sales (page 30)

Tag Archives: Home Sales

Home Sales Steady in October as Prices Keep Climbing

RE/MAX is the latest company to report an expected seasonal slowdown for housing in October. The real estate network reported a month-over-month decline in sales figures and prices as the market began to chill. "What we're seeing now are predictable seasonal cycles, which is just another sign that the housing recovery is bringing us back to a more normal market," said RE/MAX CEO Margaret Kelly. Inventory remains diminished, though the company noted that losses have slowed in the past several months.

Read More »

Report: Home Sale Speeds Accelerating Over 2012

Zillow calculated the median number of days listings spent on its marketplace, at the national, metro, and county levels, dating to January 2010. According to the company's findings, listings in September 2013 were selling in a median 86 days--down 30 days from the same time in 2012. Homes sold faster this September compared to last September in 30 of the largest metros. Those metros include Las Vegas (44 days faster), Sacramento (43 days faster), and San Antonio (37 days faster).

Read More »

Shifting Dynamics Keep Market Resilient in October

Even with the seasonal slowdown in full effect, shifting market conditions continued to boost October home sales and prices over last year, Redfin reported Wednesday in its monthly Real-Time Price Tracker. The broker recorded 74,363 total home sales across its 19 tracked markets in October, a 1.0 percent decline from September but a 0.6 percent gain over October 2012. Though historically low mortgage rates and reduced competition have helped keep numbers up, Redfin says the situation is liable to change at any time.

Read More »

NAR Predicts Flat Home Sales, Rising Prices in 2014

Speaking at the 2013 Realtors Conference & Expo Friday, National Association of Realtors (NAR) chief economist Lawrence Yun predicted steadiness in existing-home sales over the next year as prices continue to ascend. Looking over the past year, Yun said he expects existing-home sales to be up about 10 percent in 2013 to 5.13 million. Sales in 2014 are expected to hold fairly even at about 5.12 million. Reviewing price movements, he said the median existing-home price should end 2013 about 11 percent higher than 2012.

Read More »

LPS Price Index Inches Up in August

Home prices continue to rise, albeit with some dampening due to seasonal impacts. However, prices are still appreciating faster than last year, according to Lender Processing Services' (LPS) Home Price Index report for August. LPS calculated a 0.4 percent monthly home price increase in August and a 9 percent annual rise. Both calculations are lower than the S&P Case-Shiller Home Price Indices, which calculated a 1.3 percent monthly increase and a 12.8 percent annual increase.

Read More »

September Pending Home Sales Indicate Flat Fourth Quarter

The National Association of Realtors' (NAR) Pending Home Sales Index (PHSI) for September indicates home sales will stumble in the year's final quarter as buyers struggle with declining home affordability. "This tells us to expect lower home sales for the fourth quarter, with a flat trend going into 2014. Even so, ongoing inventory shortages will continue to lift home prices, though at a slower single-digit growth rate next year," said NAR chief economist Lawrence Yun.

Read More »

Home Price Increases Spread in September, Sales Weaken

DataQuick, a specialist in property information and decisioning solutions, reported price growth "resumed at a rapid rate in September and spread to all" of its 42 reporting counties on a monthly, quarterly, and yearly basis. In other findings, sales dipped in most measures, with 26 counties reporting monthly increases, 28 reporting quarterly increases, and 29 posting yearly improvement (compared to 29, 37, and 28 in August, respectively).

Read More »

Competition Cools Again as Washington Drama Deters Buyers

Redfin's Real-Time Bidding Wars report shows 58.3 percent of offers written by Redfin agents across the country faced bidding wars in September, down from 60.5 percent in August. Last September, 62.7 percent of offers faced competing bids. With competition diminishing, Redfin has also observed a fall in the number of homes selling at above asking price. On average across all tracked markets, buyers paid 0.4 percent below asking price (compared to 0.3 percent in August).

Read More »

GET THE NEWS YOU NEED, WHEN YOU NEED IT.

With daily content from MReport, you’ll never miss another important headline in originations, lending, or servicing. Subscribe to MDaily to begin receiving a complimentary daily email containing the top mortgage news and market information.