But that still doesn’t reflect the recent spike in mortgage rates to 4.5%. By Wolf Richter for WOLF STREET. OK, the “existing home sales” data released today by the National Association of Realtors was for February, and in February average mortgage rates were much lower than today. In mid-February, the average 30-year conforming fixed mortgage […]
Tag Archives: national association
14
Mar
Mar
A look at some of the major trade events and economic indicators to come this week: AN EYE ON THE FEDERATION The Federal Reserve wraps up a two-day meeting of policymakers with an economic policy and interest rate update on Wednesday. Most analysts expect Fed officials to announce the first of several expected increases in […]
Home sales
Federal National Mortgage Association: Consumption and existing home sales improved in January, but headwinds for the economy and housing have intensified since then
25
Feb
Feb
Key points to remember: Gross Domestic Product (GDP), adjusted for inflation, rose at a seasonally adjusted annualized rate (SAR) of 7.0% in the fourth quarter of 2021, according to the second estimate from the Bureau of Economic Analysis (BEA), an increase of one tenth from the preliminary […]
25
Feb
Feb
New Home Market Affordability Decreasing Rapidly | Realtor Magazine Internet Explorer does not currently support searching for REALTOR® magazines. IE users, please download Firefox, Chrome or Edge. New home buyers face even higher prices. The median selling price of a newly built single-family home rose to $423,300 in January, up […]
21
Jan
Jan
Existing home sales hit a 15-year high in 2021, according to the National Association of Realtors. Last year, about 6.1 million homes were sold, an 8.5% jump from the previous year. Despite the high volume of sales, inventories remained tight in many markets as demand was high and sales closed so quickly. On the popular […]
21
Jan
Jan
In 2021, the housing market was very difficult for buyers to navigate. That’s because home values have skyrocketed nationwide, putting many potential buyers in a tough spot. One would think that rising house prices would have put buyers off and forced a pullback in the housing market. But the November sales figures say otherwise. In […]
30
Dec
Dec
A gauge of U.S. pending home sales dropped unexpectedly in November as high prices and low inventory capped home buying. The National Association of Realtors’ pending home sales index fell 2.2% from the previous month to 122.4, data showed Wednesday, more than all estimates for a Bloomberg survey. An index of 100 equals the level […]
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22
Dec
Dec
The median selling price of existing homes rose 13.9% year-over-year to $ 353,900. Getty Existing home sales rose a modest 1.9% in November, once again pushing prices up and reducing inventory, according to the National Association of Realtors. The median price of existing homes for all housing types in November was $ 353,900, up 13.9% […]
22
Dec
Dec
SANTA ANA, Calif .– (COMMERCIAL THREAD) –America’s leading financial company (NYSE: FAF), a leading global provider of title insurance, settlement services and risk management solutions for real estate transactions, today released First American’s exclusive home sales potential sales model for the month of November 2021 The potential home sales model measures what the healthy level […]
22
Dec
Dec
WASHINGTON (Reuters) – U.S. home sales rose for a third straight month in November, but supply remained tight, keeping home prices high and crowding out first-time buyers. Sales of existing homes rose 1.9% to a seasonally adjusted annual rate of 6.46 million units last month, the National Association of Realtors said Wednesday. Sales increased in […]
01
Dec
Dec
Image source: Getty Images Despite the high prices, home buyers are not backing down. Key points Existing home sales rose 0.8% in October from September. They are now on track to reach their highest level in 15 years. Home sales often peak in the spring and summer, then begin to decline as the year draws […]
22
Nov
Nov
Three major US stock indexes green, but the Nasdaq is far from the peaks Energy leads the gains among S&P sectors; lone loser comm svcs Euro STOXX 600 index up 0.2% Dollar, rise in crude; gold bitcoin down The 10-year US Treasury yield is ~ 1.60% November 22 – Welcome home for real-time market coverage […]
Home sales
Housing market potential grows modestly, according to first US model of potential home sales
22
Nov
Nov
SANTA ANA, Calif .– (COMMERCIAL THREAD) –America’s leading financial company (NYSE: FAF), one of the world’s leading providers of title insurance, settlement services and risk management solutions for real estate transactions, today released First American’s exclusive home sales potential sales model for the month of October 2021. The potential home sales model measures what the […]
22
Nov
Nov
Sales of existing homes increased in October, second consecutive month of growth. The National Association of Realtors® (NAR) said sales of used single-family homes, townhouses, condos and co-op apartments were at a seasonally adjusted annual rate of 6.34 million units. That rate was 0.8% higher than the 6.290 million rate in September, but 5.8% lower […]
22
Nov
Nov
Home sales in the United States unexpectedly surged in October, reaching their highest level in nine months, although higher prices amid tight supply continued to exclude first-time buyers from the market . The National Association of Realtors report released on Monday also showed an increase in the share of investors buying homes last month, likely […]
19
Nov
Nov
Inflation is heating up and could accelerate further, but the impact on mortgage rates is expected to be modest thanks to the Federal Reserve’s clear roadmap on its plans to withdraw support from mortgage markets in the coming months. It is according to the latest economic and real estate forecasts from economists at mortgage giant […]
04
Nov
Nov
When it comes to selling a home, the process can be stressful, exciting, or in many cases, both. Listing your home in a booming market allows you to take advantage of competitive offers, quick home sales, and above-average selling prices. However, it also means that you have to deal with visits, contracts, inspections, negotiations, appraisals […]
29
Oct
Oct
Home prices have climbed exponentially over the past year as tight inventories and low mortgage rates have boosted buyer demand. Now, you would think that at some point buyers would have no more room in their budgets to keep paying sky-high prices. But home sales managed to rise in September despite the many reasons buyers […]
28
Oct
Oct
The slowdown in contract signing in September is a likely sign that home price growth will soon come back to earth, NAR chief economist Lawrence Yun said. Pending home sales fell 2.3% in September 2021 from the previous month and fell 8% year-on-year to an index of 116.7, according to the National Association of Realtors […]
27
Oct
Oct
Monthly durable goods orders report must come today. This means large products designed to last at least three years, such as household appliances. We recently learned that new home sales have up 14% in September from August. And new homes need new things that have been hard to come by lately. The main complaint from […]
26
Oct
Oct
(RTTNews) – New home sales in the United States soared in September, according to a report released by the Commerce Department on Tuesday. The report says new home sales climbed 14.0% to an annual rate of 800,000 in September after falling 1.4% to a downward revised rate of 702,000 in August. Economists expected new home […]
23
Oct
Oct
Sales of existing homes rose 7% to 6.29 million occasionally changed units in September from the previous month, as reported by the National Association of Realtors (NAR). The results exceeded reviewers’ assumptions for a 3.6% increase, according to Bloomberg estimates. Yoon noted that the surge in activity last year, due to the departure of COVID-19 […]
22
Oct
Oct
FatCamera / iStock.com Seasonality plays an essential role in the housing market, as it has a significant impact on the supply of and demand for housing. Transactions and prices tend to be above trend in summer, while activity slows down in winter. This year, however, the housing market still looks exceptionally strong in what is […]
21
Oct
Oct
Home sales in the United States rebounded in September. Existing home sales rose 7% to 6.29 million seasonally adjusted units in September from the previous month, according to National Association of Real Estate Agents (NAR). The results exceeded analysts’ expectations of a 3.6% increase, according to Bloomberg consensus estimates. “This fall appears to be the […]
21
Oct
Oct
The National Association of Real Estate AgentsThe existing home sales report for September came in at an excellent pace from estimates to 6.29 million. Now that we’re only 10 days away from Halloween in 2021, we can all laugh a little bit about how wrong the 2020-2021 housing bears got it wrong. Especially all those […]
21
Oct
Oct
Tight home inventory, which improved earlier in the year, worsened again in September and prices continued to climb, according to a report by the National Association of Realtors. September saw a 7% monthly increase in existing home sales, which include single-family homes, townhouses, condominiums and co-ops. But sales are down 2.3% from a year ago, […]
18
Oct
Oct
A look at some of the major trade events and economic indicators coming up this week: CHARGE Wall Street expects another solid quarterly snapshot from Tesla. Analysts predict that the electric vehicle maker will announce on Wednesday that its profits and revenues increased in the third quarter compared to the same period last year. This […]
18
Oct
Oct
It’s no secret that the real estate market has been booming in recent years, especially when it comes to luxury or upscale homes. In reality, according to the National Association of REALTORS® (NAR), the percentage of new homes sold above $ 750,000 has increased 40% in just one year. Suffice it to say, now is […]
18
Oct
Oct
The Associated Press18 October 2021 GMT A look at some of the major trade events and economic indicators coming up this week: CHARGE Wall Street expects another solid quarterly snapshot from Tesla. Analysts predict that the electric vehicle maker will announce on Wednesday that its profits and revenues increased in the third quarter compared to […]
18
Oct
Oct
A look at some of the major trade events and economic indicators coming up this week: CHARGE Wall Street expects another solid quarterly snapshot from Tesla. Analysts predict that the electric vehicle maker will announce on Wednesday that its profits and revenues increased in the third quarter compared to the same period last year. This […]
18
Oct
Oct
A look at some of the major business events and economic indicators to come this week: CHARGED UP Wall Street expects… A look at some of the major trade events and economic indicators coming up this week: CHARGE Wall Street expects another solid quarterly snapshot from Tesla. Analysts predict that the electric vehicle maker will […]
11
Oct
Oct
NEWPORT – At the end of last month, the historic Miramar Estate on Bellevue Avenue sold for $ 27 million, the latest in a string of multi-million dollar mansion sales this year in Newport. The 30,982 square foot estate consists of three properties – the mansion, a shed, and a separate, vacant 1 acre beachfront […]
03
Oct
Oct
In June and July, pending home sales started to decline. Pending home sales represent contracts signed to buy existing homes, and when those sales start to drop, it’s a sign that demand for homes is starting to drop. Buyers may have been encouraged by these initial summer numbers, as a downturn in the housing market […]
29
Sep
Sep
Pending home sales finally saw positive growth in August, after two straight months of declines in June and July, the National Association of Realtors reported. Pending home sales rose 8.1. % in August, after two consecutive months of decline in June and July, depending on the National Association of Realtors (NAR) Pending Home Sales Index […]
29
Sep
Sep
Numbers: The number of home buyers who signed a home purchase contract in August has jumped, far exceeding economists’ expectations. Pending home sales rose 8.1% in August from July, according to National Association of Realtors reported wednesday. Economists polled by MarketWatch had forecast a 0.4% increase in pending home sales in August. Still, compared to […]
28
Sep
Sep
Mortgage rates have rebounded to levels not seen since July following signals from the Federal Reserve last week that it may start cutting its purchases of long-term mortgages and Treasury bonds later this year. The Fed’s debt purchases have helped keep long-term interest rates low. But that’s not all that can scare investors off buying […]
26
Sep
Sep
High home prices may finally drive buyers away. There’s a reason many potential buyers have struggled to purchase a home this year. Limited inventory and low mortgage rates fueled increased demand from buyers. This, in turn, has driven home prices up to the point that many buyers simply cannot afford them. In August, the median […]
24
Sep
Sep
Numbers: New home sales in the United States rose in August, as the market for newly built buildings continues to show signs of stabilizing after months of decline. New home sales in the United States rose 1.5% to an annual rate of 740,000, the government said on Friday. The figure is the number of homes […]
24
Sep
Sep
Sales of new single-family homes in August were up 1.5% from the previous month, to a seasonally adjusted annual rate of 740,000, according to a report of US Department of Commerce released on Friday. This is the second consecutive month of rising sales for homebuilders, although there is good reason to believe that the height […]
22
Sep
Sep
Home sales fell in August, both from July and from a year ago, breaking two straight months of increases, according to the National Association of Realtors. Home purchases have increased over the past year, which NAR chief economist Lawrence Yun says is an anomaly. The pent-up demand from potential buyers that built up during closures […]
22
Sep
Sep
The Numbers: Existing Home Sales Plummeted 2% Sales of existing homes fell in August, with inventory and prices remaining a major concern for potential buyers. Existing home sales fell 2% to a seasonally adjusted annual rate of 5.88 million in August, according to the National Association of Realtors. said wednesday. Compared with August 2020, home […]
30
Aug
Aug
Pending home sales edged down in July, falling 1.8% to a Pending Home Sales Index (PHSI) of 110.7, according to the National Association of Realtors (NAR) Pending Home Sales Report. The drop marks the second consecutive month that PHSI has declined. The only region that did not decline month over month was the West. Contract […]
30
Aug
Aug
Pending home sales fell in July, according to data released Monday by the National Association of Realtors (NAR), down for the second month in a row amid a record spike in house prices. The NAR’s pending home sales index fell 1.8% in July after falling 1.9% in June. Sales were down 8.5% on an annual […]
28
Aug
Aug
Sales: According to Baldwin’s real estate agents, July residential sales were down 2.4% year-on-year (Y / Y), from 895 to 874 closed deals. Contrary to seasonal trends, sales were down 17.8% from June. Sales are now up 27.9% year-to-date. Two other resources to consult: Quarterly report and Annual Report. For all housing data for Baldwin […]
23
Aug
Aug
Source: Shutterstock. NAFCU chief economist Curt Long said Monday he expects existing home sales to remain stable this year, mostly limited by supply. His comments came after the National Association of Realtors (NAR) reported that existing home sales rose 2% from June through July to a seasonally adjusted annual rate of 5.99 million homes. “Sales […]
01
Aug
Aug
Image source: Getty Images A drop in sales could actually be good news for buyers. There have been a ton of inquiries to buy a new home as mortgage rates have hovered near record highs for most of the year. But in June, pending home sales fell 1.9% from May, according to the National Association […]
31
Jul
Jul
Home sales rose in June. Here’s what potential buyers need to know. Buyers in today’s real estate market are struggling with a shortage of home inventory. But things are opening up a bit in this regard. In June, the total housing stock edged up to 1.25 million units and 2.6 months supply, up slightly from […]
29
Jul
Jul
Despite its generous amenities, real estate watchers feared the sprawling property, built by luxury homebuilder Blue Heron, would still be a tough sell. Las Vegas was just beginning to regain its footing after the pandemic shut down much of the city’s economy and badly hit the upper end of its real estate market. And while […]
26
Jun
Jun
This is not the first time the United States has experienced a strong sales market. What makes it different this time is that the market is extraordinarily strong in all parts of the country. Typically, intense markets are found on the coasts, but this time it’s almost everywhere, with the national average listing price hitting […]
19
May
May
More and more visitors to the open houses he organized said they were from California, said Greg Foster. The longtime San Antonio real estate agent saw an opportunity. “So you are considering moving to San Antonio, Texas. Well this channel here is just for you, â€he said in a Youtube video, cutting to a quick […]
10
Apr
Apr
One of Southwest Florida’s most trusted, respected and talented home builders, Gulfshore Homes, has built a solid reputation for building new homes, whether it’s from one of their spectacular and perfectly designed models or from a luxurious private residence. Steve Watt, President of Gulfshore Homes, has nearly 30 years of experience in the luxury residential […]
04
Apr
Apr
A sizzling housing market with many more interested buyers than sellers sets off a bidding war on many homes. “Inventories are low and demand is high. We find several offers on a lot of properties, and they go well above asking price, sometimes $ 10,000, $ 15,000, $ 20,000 above, â€said Jen True of True […]
26
Nov
Nov
Opinions expressed by Contractor the contributors are theirs. This year has surprisingly seen a strong housing market. Homeowners make monthly payments to the bank and therefore you would think the pandemic recession and job losses would cause more property sellers. thianchai sitthikongsak | Getty Images However, this was not the case. Low mortgage rates, low […]
29
Sep
Sep
Gonçalo Fernandes wanted to buy a house with a garage for his motorcycle, but it took rising house prices to push him into the market. “My wife and I saw house prices rise and we were worried about being left out of the market,†Fernandes said. “We were very motivated when we saw mortgage rates […]