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Tag Archives: Home Sales

DataQuick: Prices See Monthly Increase in 40 out of 42 Counties

In September, home prices improved in nearly all of the largest counties throughout the United States as tracked by DataQuick. According to the company's new Property Intelligence Report (PIR), home prices grew in 40 out of 42 counties month-over-month, while prices improved in all 42 counties from the previous quarter and over the last year. DataQuick suggested the PIR is displaying evidence the recovery in housing is underway, but the PIR found an uneven recovery, with some areas facing risk factors.

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Capital Economics: Drop in Distressed Sales Good for Builders

In a US Housing Market Update released by the firm, analyst and property economist Paul Diggle notes that while "a substantial overhang of properties still in the shadow inventory" will keep distressed sellers in the market, the peak in distressed supply appears to be well behind us, giving homebuilders more room to grow with less competition from discounted homes. In addition, short sales--typically sold at a smaller discount--have been gaining traction as foreclosure sales drop, creating "less of a depressing influence on the new-build market."

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Pending Home Sales Index Shows Small September Gain

The Pending Home Sales Index (PHSI) rose ever so slightly in September, the National Association of Realtors reported Thursday, tempering the much-heralded housing sector revival. The Index inched up to 99.5, an improvement of 0.3 percentage points over August's 99.2. Economists had expected the index to jump 2.5 percent to 101.7.

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New Homes Sales Hit 30-Month High in September

New home sales jumped 5.7 percent in September to a seasonally adjusted average annualized rate of 389,000, the highest rate since April 2010, the Census Bureau and Department of Housing and Urban Development reported Wednesday. Economists surveyed by Bloomberg expected the report to show a sales pace of 385,000. The month-to-month sales improvement was the strongest since February, when sales improved 27,000, or 8.0 percent. While sales numbers improved, both the median and average sales price of a new home dropped.

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Florida Housing Market Continues Upswing in September

Florida

As national home sales and prices showed mixed results for September, Florida's market posted higher sales, higher pending sales, higher median prices, and a slightly down inventory for the month. Statewide closed sales of existing single-family homes totaled 15,643 in September, up 2 percent year-over-year. Meanwhile, pending sales rose 40.1 percent in the same period to 21,368. The statewide median sales price for single-family homes was $145,000 in September, up 7.4 percent from a year ago.

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Home Prices, Sales Experience Monthly Slump in September

The housing sector hit a speed bump in September as existing home sales dipped, the National Association of Realtors revealed Friday. The association reported existing home sales fell 1.7 percent to a seasonally adjusted annual rate of 4.75 million, the first decline in three months. The median price of an existing home dipped 0.5 percent or $1,000 from August to $183,900, but is up 11.3 percent ($18,600) from September 2011, the strongest year-over-year dollar increase since January 2006.

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RE/MAX: Depressed Inventory Stifles Sales, Boosts Prices in September

The median sales price for homes sold in September continued to move higher yearly and monthly while sales stalled from August, according to a housing report from RE/MAX, which tracks MLS data in 52 metropolitan areas. The median sales price in September was $164,989, a slight 0.7 percent increase from August and a 7.8 percent improvement from September 2011. So far, prices have been rising yearly for eight straight months.

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Inventory Limits California Sales, Boosts Median Price

The California Association of Realtors (C.A.R.) continued to report a shortage of inventory in September, which is limiting home sales but seems to be pushing up median home prices. According to C.A.R., the median home price in California is now at the highest level in more than four years. Sales, on the other hand, fell in September, sinking 5.2 percent from a revised 510,910 in August and declined 1.2 percent from a revised 490,280 a year ago.

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Stronger Traffic Boosts Builder Confidence

After jumping 11 points in three months, builder confidence inched up one point in October to 41, remaining at its highest level since June 2006, the National Association of Home Builders reported Tuesday, matching economist expectations. The October boost was due entirely to a surge in homebuyer traffic in October, as other elements of the index were flat from September. The traffic index├â┬ó├óÔÇÜ┬¼├óÔé¼┬Øwhich had been revised downward in September to 30, from an originally reported 31├â┬ó├óÔÇÜ┬¼├óÔé¼┬Øleapt to 35, its highest level since April 2006.

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