Tag Archives: Existing Home Sales

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

November 2015 New Home Sales Remain Strong – But These Metrics Are Not Comparable to Existing Home Sales Data

On initial glance, new home sales appear to have weathered the storm much better than existing home sales. November new home sales saw year-over year gains of 9.1 percent and up 4.3 percent sequentially from October 2015 (which was revised downwards from an initial 495,000 sales to 470,000). In comparison, November existing home sales dropped …Read more

November 2015 Existing Home Sales — Down 3.8 Percent from a Year Ago, But Off 10.5 Percent from October 2015 With Much of the Decline Attributed to Newly Implemented TRID

Existing home sales in November 2015 were down 3.8 percent from a year ago at a seasonally adjusted annualized rate (SAAR) of 4.76 million, according to the National Association of Realtors® (NAR). However, when compared to October 2015, sales declined sequentially 10.5 percent (SAAR). Much, if not all of this decline, is attributed to the …Read more

October 2015 Existing Home Sales Up 3.9 Percent Year-Over-Year, But Down 3.4 Percent Sequentially from September 2015

Existing home sales increased from 5.16 million on a Seasonally Adjusted Annualized Rate (SAAR) in October 2014 to 5.36 million in October 2015, a gain of 3.9 percent according to the National Association of Realtors®. Sales were off sequentially from September 2015, however, dropping from 5.55 million on a SAAR. Median price rose 5.8 percent …Read more