Tag Archives: Existing Home Sales

Another Top-10 List — 2016 U.S. Boom Towns

Regardless how good or bad the U.S. economy is, at any point in time some markets are hot and others are not. Even within a city, some neighborhoods are hot and others not. Jobs are everything. Period. As jobs increase, likewise does construction and household formation rates. To define the hottest markets in the country, …Read more

March Existing Home Sales Up 1.5 Percent Year-Over-Year and Up 5.1 Percent Sequentially from February — Median Price Up 5.7 Percent from a Year Ago

March 2016 existing home sales rose 1.5 percent year-over-year on a seasonally adjusted annualized rate (SAAR) of 5.33 million, which was also up 5.1 percent sequentially from February per the National Association of Realtors® (NAR). The median price of $222,700 (for all property types) in March 2016 was up 5.7 percent versus March 2015. From …Read more

February 2016 Existing Home Sales Up 2.2 Percent Year-Over-Year (SAAR) — But the True Story is in the Details

Even though monthly existing home sales increased from 295,000 in February 2015 to a preliminary 314,000 in February 2016 (up 6.4 percent), on a Seasonally Adjusted Annualized Rate (SAAR) they were up just 2.2 percent from 4.97 million to 5.08 million according to the National Association of Realtors® (NAR). When compared to January 2016, sales …Read more

A Look at Refinance and Purchase Lending Expectations for 2016

Transaction volume is the backbone for real estate professionals. Sellers selling, buyers buying — and for those impacted by refinancing – borrowers with mortgage loans refinancing are key to the livelihoods of an array of real estate professionals. Except for all-cash buyers, lending is the key metric in showing past and future transaction volumes. Lending …Read more

December 2015 Existing Housing Sales Robust — Up 7.7 Percent Year-Over-Year and Up 14.7 Percent Vs. TRID-Impaired November 2015

Existing home sales in December 2015 came roaring back to a seasonally-adjusted annualized rate (SAAR) of 5.46 million according to the National Association of Realtors® (NAR).  Sales were  up 7.7 percent year-over-year and up 14.7 percent after a dismal November existing housing sales volume due to the newly implemented TRID lending rules.  Median price rose …Read more