Tag Archives: Inventory

Existing-home sales have reversed the downward trend in recorded in August due to stock market declines, rising 4.7 percent to a seasonally adjusted annual rates of 5.55 million in September, the highest pace since February 2007. The National Association of Realtors reported Thursday that September's rebound in existing–home sales marks a year–over–year increase for 12 consecutive months and all four major regions experienced gains.

Home sales in the fall season have cooled down 8.6 percent in September compared to August, but remain 6.8 percent above last years' levels.

HUD and the U.S. Census Bureau jointly announced Thursday the new residential sales reached a seasonally adjusted annual rate of 552,000 in August 2015, the highest level since February 2008.

The recent stock market fluctuations and seasonal trend changes may have homebuyers perplexed, but there is a silver lining, according to Realtor.com's First Look report for August 2015.

Realtor.com economic research released Monday found that sellers' overall advantage in the market is being reduced and buyers are beginning to reap the benefits of growing home inventory.

Existing-home sales rose higher in July, while low inventory levels and rising prices are the largest factors lowering sales to first-time buyers to their lowest share since January, according to a report from the National Association of Realtors released Thursday.

Home sales fell in July, but still managed to hover over last July's levels and reach new heights not seen since 2008, according to the RE/MAX July 2015 National Housing Report released Tuesday.

Recent housing indicators reveal signs of health in the housing market in July, according to Realtor.com’s ‘Advance Read of July Trends,' which draws on residential inventory and demand trends over the first three weeks of the month.

Like much of the country, Pennsylvania's housing market showed a little more life in the second quarter than in the first, though activity fell short of last year. "We're seeing some pockets of the state with positive growth, while others are a little more lackluster," said Kim Skumanick, president of the Pennsylvania Association of Realtors.

The latest Residential Price Index (RPI) report from FNC, Inc., shows home price appreciation continued in April at a monthly pace of 0.6 percent nationally, matching March's month-over-month increase. Though monthly increases picked up momentum in April, yearly returns continued to moderate for the second straight month—"a sign that the annual rate of home price appreciation has peaked," FNC said.