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Tag Archives: Realtor Association

2014 Marks Second-Best Year Ever for Texas Housing

Using data from multiple listing services in markets throughout the state, the Texas Association of Realtors reported Monday that single-family home sales statewide totaled 66,664 last quarter, an 8.46 percent increase from the same period in 2013.

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2014 Brings Calm to California’s Housing Market

California's housing market made more small strides toward stability over the last 12 months, though sales activity took a dip compared to the year before. For the entire year, C.A.R. estimates that 383,320 single-family homes closed escrow across the state, a 7.6 percent decline from 2013.

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Florida’s Housing Market Stays the Course in Q3

Florida's housing market continued on a steady growth track throughout the third quarter, though improvements were slightly subdued compared to spring and early summer. Florida Realtors' chief economist, Dr. John Tuccillo, said the quarterly numbers reinforce trends the group has seen on a month-to-month basis.

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Pending Home Sales Rebound in California

The California Association of Realtors (CAR) reported a 2.6 percent increase in its Pending Home Sales Index, putting it a reading of 102.4 from 99.8 in August. The increase compares to a 0.3 percent uptick in the National Association of Realtors' national index, which measured 105 in the group's latest reading.

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California Forecast: Rising Sales, Flattening Prices

In its 2015 housing market forecast, the California Association of Realtors (CAR) calls for existing-home sales in the state to reach 402,500 next year, an increase of 5.8 percent from 2014's projected sales figure of 380,500. Even with the increase, home sales are still expected to fall short of last year's total of 414,300, demonstrating how much California's market has slowed down in 2014.

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Texas Housing Gains Momentum as Inventory Increases

The Texas Association of Realtors released Friday its 2014-Q2 Texas Quarterly Housing Report, revealing a 5.9 percent quarterly pickup in home inventory to a months' supply of 3.60—level with where supply figures were at the end of 2013. Despite the quarter-over-quarter increase—the first since 2011, the association reports—inventory remained down 12.2 percent compared to a year ago, holding back growth in home sales.

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Pennsylvania Housing Market Sees Second-Quarter Slowdown

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.

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July New Home Sales Plunge to 9-Month Low

The seasonally adjusted annual rate of new home sales dropped a stunning 13.4 percent to 394,000 in July. Economists surveyed by Bloomberg expected June sales to drop to 487,000 from June's originally reported 497,000. June sales were revised to 455,000. The report for July showed a slight shift to higher-priced homes as houses priced at $500,000 or more accounted for 11 percent of July sales, up from 9 percent in June. Homes priced at $300,000 or less represented 62 percent of all July sales, down from 64 percent in June.

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