Tag Archives: Existing Home Sales

Election-Year Home Sales Myths 2020

It’s an election year, so things are always different – correct?  Housing sales will be down no matter what?  Right?  The high-end market always slows – right?  Both are myths – but are they true? MythBusters was one of my favorite TV shows years ago, but analyzing these housing sales myths is not going to …Read more

Smoking-Hot New Home Sales – August 2020

Have been wanting to use the words Smoking Hot regarding real estate since the last downturn in 2008, and finally have a reason: August 2020 new home sales!   New home sales came in at a blistering 1.011 million units in August on seasonally adjusted annualized rate (SAAR), up a massive 43.2 percent from the prior …Read more

Existing Home Sales June 2020 — Extraordinarily Nimble in a Catastrophic Economy

Given the record 32.9 percent plunge in U.S. GDP in Q2 2020 (advanced estimate), June 2020 existing home sales levels could be described as unexpectedly resilient, down just 11.3 percent year-over-year on a seasonally adjusted annualized rate (SAAR) according to the National Association of Realtors® (NAR).   That descriptor rises to extraordinary when viewing the  year-over-year …Read more