Posts Tagged ‘home sales’

November pending sales down, year-over-year sales up

Posted on January 5th, 2010, by DHW

Read the National Association of Realtors’ full press release.
“Contract activity for pending home sales fell after a surge of activity in preceding months to beat the original deadline for the first-time home buyer tax credit but remains comfortably above a year ago, according to the National Association of Realtors®.
The Pending Home Sales Index,* a forward-looking [...]

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Real estate market entering hibernation

Posted on December 29th, 2009, by DHW

Analysts are forecasting a slow winter for home sales. In addition to the bitterly cold weather much of the nation is encountering this season, experts feel the extended tax credits and slightly higher interest rates will keep home sales (and prices) on ice. Sales are expected to come back to life next spring.
DHW asks: Will [...]

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Unlike many things in life, home sales exceed expectations

Posted on December 22nd, 2009, by DHW

According to the National Association of Realtors, November home sales skyrocketed 7.4 percent. Analysts were predicting an increase of 2.9 percent. The housing tax credits are credited with the spike in sales.
There are 129 days until the housing tax credits run out. For more details about the housing tax credits, visit our Housing Tax Credit [...]

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Home prices rise for fourth consecutive month

Posted on November 24th, 2009, by DHW

Home price inched up in September, the fourth consecutive monthly increase. The Standard & Poor’s/Case-Shiller home price index of major cities, released on Tuesday, inched up 0.3 percent. The seasonally adjusted reading in September was 144.96. But the index looked weaker than in months past, with prices increasing month-over-month in only 11 metro areas (the [...]

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Existing home sales skyrocketed 10% in October

Posted on November 23rd, 2009, by DHW

From the AP:
“Home sales far exceeded expectations last month, surging to the highest level in 2 1/2 years as first-time buyers rushed to take advantage of an expiring tax credit.
The National Association of Realtors said Monday that home resales rose 10.1 percent to a seasonally adjusted annual rate of 6.1 million in October, from a [...]

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The South will rise again, but in a good way.

Posted on November 16th, 2009, by DHW

A survey released last week by Move.com, a real estate website, shows 1 in 5 Americans plan on purchasing a home within the next year. The survey also revealed these buyers are most likely to be 34 years of age or younger and live in the South or West.
It should be noted this survey was [...]

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Will expanding the housing tax credits beyond first time homebuyers contribute to housing inventory woes?

Posted on November 15th, 2009, by DHW

The Capital published an intriguing article addressing the potential side-effects of expanding the housing tax credits beyond first time homebuyers. The article raises some fair questions with regard to existing homes needing to be liquidated so that current homeowners can take advantage of the housing tax credits now afforded to them. The Capital article focuses on [...]

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Realtors forecast uptick in home prices 2010

Posted on November 14th, 2009, by DHW

Lawrence Yun, chief economist for the National Association of Realtors, predicted on Friday that home prices will rise in 2010. If his prediction holds true, home prices will see their first increase in four years.
Yun pointed to the current price-income ratio of 2.4 as evidence of pent-up demand in the market. The price-income ratio accelerated [...]

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Audit: FHA’s reserve funds way below what law requires

Posted on November 12th, 2009, by DHW

From The Washington Post : ‘FHA’s cash reserves have dropped well below amount required by law, audit shows’
DHW asks: Do you think the FHA’s reserves will hit zero?
FHA loan limits in your area
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Foreclosures down but not out

Posted on November 12th, 2009, by DHW

U.S. foreclosures sank for a third consecutive month in October, down 3% from the previous month. However, many feel this trend will not continue. Foreclosure notices were curtailed in many states due to temporary, legislative intervention. CNBC reported Nevada foreclosures “dropped 26 percent from the previous month because of new legislation requiring mediation before initiating [...]

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