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Existing Home Sales Down

Existing-Home Sales Held Down in April




Existing Home SalesStubbornly low supply levels held down existing-home sales in April and also pushed the median number of days a home was on the market to a new low of 29 days, according to the National Association of Realtors®.

Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, dipped 2.3 percent to a seasonally adjusted annual rate of 5.57 million in April from a downwardly revised 5.70 million in March. Despite last month’s decline, sales are still 1.6 percent above a year ago and at the fourth highest pace over the past year.

Lawrence Yun, NAR chief economist, says every major region except for the Midwest saw a retreat in existing sales in April. “Last month’s dip in closings was somewhat expected given that there was such a strong sales increase in March at 4.2 percent, and new and existing inventory is not keeping up with the fast pace homes are coming off the market,” he said. “Demand is easily outstripping supply in most of the country and it’s stymieing many prospective buyers from finding a home to purchase.” 

New Home Sales Down

New Home Sales Down in April




The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for April 2017.

New Home Sales

Sales of new […] Continue Reading…

New Home Sales Up

New Home Sales Up in February




The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for February 2017.
New Home Sales Sales of new […] Continue Reading…

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National Home Prices Continue to Rise




Data released for December 2016 S&P CoreLogic Case-Shiller Indices shows that home prices continued their rise across the country over the last 12 months.
The S&P CoreLogic Case-Shiller U.S. […] Continue Reading…

New Home Sales Up

New Home Sales Up in January




Sales of new single-family houses in January 2017 were at a seasonally adjusted annual rate of 555,000, according to estimates released jointly by the U.S. Census Bureau and the […] Continue Reading…