Category Archives: Residential

June 2016 Existing Home Sales up 3.0 Percent Year-Over-Year to Greatest Level Since February 2007, Median Price Up 4.8 Percent to $247,700

U.S. existing home sales rose 3.0 percent year-over-year in June 2016 to 5.57 million on a seasonally adjusted annualized rate (SAAR) as reported by the National Association of Realtors® (NAR). This was greatest level seen since the 5.79 million reported in February 2007. Using unadjusted numbers, June residential home sales tallied 583,000. Median price was …Read more

May 2016 Existing Home Sales Most Since February 2007

May 2016 existing home sales were up 4.5 percent from a year ago and up 1.8 percent sequentially from April 2016 to 5.53 million units on a seasonally adjusted annualized rate (SAAR) according to the National Association of Realtors® (NAR). This was the most sales on a SAAR seen since February 2007. Median price rose …Read more

Another Top-10 List — Best Housing Markets for Millennials

Millennials today make up the largest population cohort ever recorded in U.S., with an estimated 83 million in the 18 to 34 year old range. While many industry observers note that Millennials are not becoming homebuyers as did past generations, they also need to consider than their largest age group within Millennials is 24 years …Read more