Existing Home Sales

July Existing Home Sales Leap Over 7 Percent

Michael Santo — Fri, 21 Aug 2009 12:24:39 -0500

Existing home sales leaped in the month of July, as first-time buyers rushed to take advantage of a tax credit that expires this fall. The 7.2% increase from June to July was the largest in at least 10 years.

March Existing Home Sales Drop, Hope for Recovery Sees Setback

Michael Santo — Thu, 23 Apr 2009 10:02:02 -0500

More bad numbers today in the area of existing home sales. The National Association of Realtors (NAR) released figures for existing home sales in March. The numbers showed a 3% drop to an annual rate of 4.57 million. This is down from an already downwardly revised 4.71 million annual units in February. Estimates had been a fall to an annual pace of of 4.7 million units, according to Thomson Reuters, so this throws cold water on hopes of a spring recovery, which many had been hoping for.

Now The New Home Sales Surprisingly Rebound

Armen Hareyan — Wed, 25 Mar 2009 10:12:55 -0500

The new home sales unexpectedly and surprising went up in February giving a good boost to Wall Street. In the meanwhile the mortgage rates are flat so far today after creeping up some in the last few days.

Unexpected Rise in Existiing Home Sales

Michael Santo — Mon, 23 Mar 2009 12:50:37 -0500

Here is a very good surprise in the housing marketing. Existing home sales rose unexpectedly from January to February as buyers took advantage of bargain-basement prices.

IRS Giving Homeowners A Break On Tax Liens

Offbeatnews — Tue, 16 Dec 2008 16:45:45 -0600

The IRS is giving homeowners in need a well deserved Christmas gift. A plan announced today by IRS Commissioner Doug Shulman will make it easier for struggling homeowners to sell and refinance their homes.

Sales of Existing Homes Nonexistent

Armen Hareyan — Thu, 24 Jul 2008 14:36:03 -0500

Sales of US existing homes fell 2.6% to an annualized rate of 4.86 million from a 4.99 million pace the prior month. Existing home sales are down 16% year-over-year.

Past the Spin: Existing home sales down 15.9% from last year

Armen Hareyan — Fri, 27 Jun 2008 08:52:09 -0500

Ignore the spin folks. Existing home sales are down 31% from their peak in 2005 and nearly 16% from last year.

Unexpected Rise in Pending Home Sales

Armen Hareyan — Mon, 09 Jun 2008 15:59:48 -0500

The pending home sales index unexpectedly rose in April by 6.3% to 88.2 from the previous month. Lawrence Yun, chief economist for the NAR, claims that this is due to an increase in bargain-hunting in areas where home prices have declined significantly.

In San Diego Homes Are Buy One, Get One Free

Armen Hareyan — Mon, 02 Jun 2008 15:06:24 -0500

In San Diego you’ll get a second home for free with the purchase of another (more expensive home).

Existing Home Sales, Oil Prices Worry Wall Street

Armen Hareyan — Fri, 23 May 2008 19:27:50 -0500

As the price of oil goes up and the existing home sales are released the Wall street and the stock investors are very worried. The fear of inflation is in the air. High oil prices continue to bruise airline stocks. UBS cuts its target on several carriers. Existing home sales fall by one per cent. Diane King reports from New York.

Existing Home Sales Decline, Inventories Rise

Armen Hareyan — Fri, 23 May 2008 15:52:28 -0500

Sales of previously owned homes declined 1% from the prior month to an annual pace of 4.89 million.

Existing Home Sales for March Fall Down

Armen Hareyan — Tue, 22 Apr 2008 16:02:16 -0500

What goes up, must come down as the existing home sales for March fall.