home sales

HUD Reports Home Sales Rise 26.6 Percent (±16.6 percent)

Median Sale Price Hits $377,100 By Jeff Sorg, OnlineEd Blog (December 22, 2017) (WASHINGTON, D.C. – HUD) Sales of new single-family houses in November 2017 were at a seasonally adjusted annual rate of 733,000. This is 17.5 percent (±10.4 percent) above the revised October rate of 624,000 and is 26.6 percent (±16.6 percent) above the November 2016

Existing Home Sales to Finish Year at a Pace of 5.30 Million – the Highest Since 2006

Unless sizeable supply gains occur for new and existing homes, prices and rents will continue to exceed wages By Jeff Sorg, OnlineEd Blog (December 1, 2015) – Lawrence Yun, chief economist for National Association of REALTORS®, buyers struggling to overcome a scant number of available homes for sale and prices that are rising too fast in some

Inventory Down Year-Over-Year for Fifth Straight Month

Inventory of all homes for sale nationwide fell 6.5 percent year-over-year By Jeff Sorg, OnlineEd Blog SEATTLE, Wash. (July 30, 2015)  – There were fewer homes for sale in June than there were a year ago, increasing competition for potential buyers this home shopping season. Most of these declines were among the lowest-valued homes sought by first-time homebuyers,

HUD and Census Bureau Report New Residential Sales in June

Home supply at just 5.8% months By Jeff Sorg, OnlineEd Blog, July 28, 2015 WASHINGTON, D.C. – Sales of new single-family houses in June 2015 were at a seasonally adjusted annual rate of 482,000 uints, according to estimates released jointly today by the U.S. Department of Housing and Urban Development (HUD) and the Census Bureau. This

Sellers Remain for All-Time-High of 10 Years Before Selling, Says NAR Survey

(Jeff Sorg, OnlineEd) —Pending home sales declined in October but remained at a healthy level of activity and are above year-over-year levels for the second straight month, according to the National Association of Realtors®. “In addition to low interest rates, buyers entering the market this autumn are being lured by the increase in homes for

Existing home sales fall to lowest level in nearly a year

WASHINGTON (Reuters) – U.S. home resales fell sharply in November to their lowest level in nearly a year, hurt by a rise in interest rates since the spring and ongoing price increases that have shut some home buyers out of the market. The National Association of Realtors (NAR) said on Thursday that sales of previously