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Category Archives: Housing Analysis

Get The Low Down On Pending And Existing Home Sales For October

Posted on November 26, 2013 by admin

The National Association of REALTORS reported Monday that pending home sales dropped by -0.60 percent in October after falling at a revised rate of -4.60 percent in September. Continue reading →

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What You Should Know About Pending Home Sales This Month

Posted on October 29, 2013 by admin

Pending home sales fell in September by -5.60 percent, and were 1.20 percent lower year-over-year. This is the first time in more than two years that pending home sales have fallen below year-earlier readings. September’s reading was below August’s reading of -1.60 percent.

The National Association of REALTORS®, which released the report, expects lower home sales for the fourth quarter of 2013 and flat sales into 2014. NAR provided good news in its forecast of 10 percent growth in existing home sales in 2013 as compared to 2012. Continue reading →

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The Government Shutdown And Its Effect On Existing Home Sales

Posted on October 22, 2013 by admin

Existing home sales for September fell by 1.90 percent from August’s revised reading of 5.39 million sales to 5.29 million sales. Economists had expected 5.30 million sales for September, so a slow-down in existing home sales had been anticipated.

The National Association of REALTORS cited higher home prices and mortgage rates as factors contributing to fewer sales of previously owned homes. Continue reading →

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Case Shiller Price Index Shows An Annual Growth Rate Of Home Prices

Posted on September 25, 2013 by admin

Home prices were still gaining in July, but for 15 of 20 cities included the S&P/Case-Shiller 10 and 20-city Home Price Indices, the pace of increasing home prices is slowing down. National home prices rose by 1.80 percent in July as compared to 2.20 percent in June. Home prices grew by 0.60 percent from June to July on a seasonally-adjusted basis. This was the lowest month-to-month gain since September 2012. Continue reading →

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Highest Existing Home Sales Since February 2007

Posted on September 24, 2013 by admin

Sales of existing homes reached their highest volume in almost six years in August. The National Association of REALTORS reported Thursday that sales of existing homes rose 1.70 percent in August to a seasonally-adjusted annual rate of 5.48 million existing homes sold. Continue reading →

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Home Builder Confidence Has Far Outpaced Actual Home Construction

Posted on September 18, 2013 by admin

Home builder confidence was unchanged for September according to the National Association of Home Builders/Wells Fargo Housing Market Index HMI released Tuesday. After four months of rising confidence, September’s HMI reading came in at 58, which was not far from expectations of a reading of 59. Continue reading →

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Pending Home Sales Indicates That The Housing Recovery Is Progressing

Posted on August 29, 2013 by admin

The National Association of REALTORS reported Wednesday that pending sales of existing homes fell by 1.30 percent in July. According to the organization’s Pending Home Sales Index, this was the second straight month that pending home sales dropped. July’s Pending Home Sales Index reading was 109.50. Continue reading →

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Case Shiller Price Index Shows Home Prices Are Still Increasing

Posted on August 28, 2013 by admin

Home prices are still rising, but at a slower pace according to the S&P Case-Shiller Home Price Indices for June. Home prices for the cities surveyed in the HPI rose by 12.10 percent on an annual basis as compared to May’s reading of 12.20 percent. Continue reading →

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What’s Ahead For Mortgage Rates This Week – August 26, 2013

Posted on August 26, 2013 by admin

Last week brought mixed economic news, but Leading Indicators released Thursday suggest that the U.S. economy is growing at a moderate rate. Continue reading →

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Home Builder Confidence Highest Level In Nearly 8 Years

Posted on August 20, 2013 by admin

The National Association of Home Builders (NAHB) reported Thursday that its Housing Market Index rose three points to a reading of 59 for August. Continue reading →

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