| Existing-Home Sales Rise Again in January |
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| March 18th, 2011 | | Posted in Affordability, Consumer confidence, Home Sales Index, Homes Sales, Mortgage Rate, NAR, Statistic | No Comments |
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Washington, DC, February 23, 2011 The uptrend in existing-home sales continues, with January sales rising for the third consecutive month with a pace that is now above year-ago levels, according to the National Association of REALTORS®. Existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, increased 2.7 percent to a seasonally [...]
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| Trulia report shows buying cheaper than renting in most major metro areas |
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| January 26th, 2011 | | Posted in Affordability, Home Sales Index, Homes Sales, Mortgage Rate, Retail Sales, Statistic | No Comments |
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Monday, January 24th, 2011, 11:02 am It is cheaper to buy a two-bedroom home than rent one in 72% of major metropolitan areas around the U.S., according to the Trulia rent vs. buy index released Monday. The real estate data firm said increased demand for rental properties is driving the cost of homeownership down nationwide. “Since the [...]
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| Pending Home Sales Continue Recovery, Gradual Improvement Seen in 2011 |
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| January 6th, 2011 | | Posted in Consumer confidence, Home Sales Index, Homes Sales, NAR | No Comments |
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Washington, DC, December 30, 2010 Pending home sales rose again in November, with the broad trend over the past five months indicating a gradual recovery into 2011, according to the National Association of REALTORS®. The Pending Home Sales Index,* a forward-looking indicator, rose 3.5 percent to 92.2 based on contracts signed in November from a downwardly [...]
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| September Existing-Home Sales Show Another Strong Gain |
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| October 25th, 2010 | | Posted in Home Sales Index, NAR | No Comments |
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Washington, October 25, 2010 Existing-home sales rose again in September, affirming that a sales recovery has begun, according to the National Association of Realtors®. Existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, jumped 10.0 percent to a seasonally adjusted annual rate of 4.53 million in September from a downwardly revised [...]
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| Home Glut Blamed on Fewer New Households |
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| October 19th, 2010 | | Posted in Census, Employment, Home Sales Index, Homes Sales | No Comments |
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There were 357,000 new households created between March 2009 and March 2010, down from about 1.3 million per year between 2002 and 2007, according to U.S. Census Bureau data. With household formation at a 63-year low, the supply of homes on the market is nearing a record high. “When people are afraid of losing their [...]
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| 30-Year Mortgage Rates Plumb New Depths |
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| October 18th, 2010 | | Posted in Gulf of Mexico, Home Sales Index, Tax Credit | No Comments |
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Freddie Mac reports that the average interest on 30-year fixed mortgages slipped to an all-time low, for the third consecutive week, to 4.19 percent. At the same time, 15-year fixed-rate loans and the five-year adjustable-mortgage rate both also hit record lows. Rates on the former were 3.62 percent, while the latter averaged just 3.47 percent. [...]
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| Numbers and more… |
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| October 15th, 2010 | | Posted in Affordability, Consumer confidence, Employment, Home Sales Index, Homes Sales, Mortgage Rate, Retail Sales, Statistic | No Comments |
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Housing and economic indicators provide my readers with tools to interpret the market and apply that knowledge to their business. In addition to NAR’s own existing-home sales series, NAR Research monitors other indicators such asnew-home sales, housing starts, producer prices, mortgage rates and more… Existing-Home Sales (Aug) – 4.13 million units* Source: NATIONAL ASSOCIATION OF REALTORS® Existing-Home Median [...]
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