Tag Archives: Existing Home Sales

Existing Home Sales Sputter Again in August 2018: Sales Down 1.5% on a Seasonally Adjusted Basis, But Median Prices Up 4.6 Percent

Existing home sales for the second month in a row dipped 1.5  percent in August 2018 versus a year ago to 5.34 million on a seasonally adjusted annualized basis (SAAR) according to National Association of Realtors® (NAR).  Sales were flat sequentially from July (SAAR).  On an unadjusted basis, housing sales in the first eight months …Read more

How Much House $1 Buys — 1998-2008-2018

While much of the U.S. bricks and sticks retail industry is struggling, given the structural shift in shopping, not included in that disarray are stores where everything is $1.  I am also old enough to remember when my weekly allowance was $1.   A single dollar in those days, however, bought a lot more than today …Read more

Existing Home Sales Dip 1.5 Percent on a Seasonally Adjusted Annualized Rate Year-Over-Year, Median Price Up 4.5 Percent — July 2018

Existing home sales dipped 1.5  percent in July 2018 versus a year ago to 5.34 million on a seasonally adjusted annualized basis (SAAR) according to National Association of Realtors® (NAR).  Sales shrunk 0.7 percent sequentially from June (SAAR).  On an unadjusted basis, housing sales in the first seven months of 2018 totaled 3.153 million, down …Read more

Existing Home Sales in June 2018 Like a Slow Leaking Tire — Hard to Notice the Difference But the Dash Warning Light Just Illuminated

Existing home sale slipped 2.2 percent in June 2018 versus a year ago to 5.38 million sales on a seasonally adjusted annualized basis (SAAR) according to National Association of Realtors® (NAR).  Sales dipped 0.6 percent sequentially from May on a SAAR.  From an unadjusted basis, housing sales in the first six months totaled 2.631 million, …Read more

Another Top-10 List — Buyers From the North Midwest Fueling Florida, Colorado and Washington Luxury Housing Markets

There was much debate and rhetoric regarding the potential impact on higher-valued homes arising from passage of the Tax Cut and Jobs Creation Act of 2017.    The thought was that by cutting the allowable interest deduction from $1 million of total loans on the primary and secondary home(s) to $750,000, along with limiting a total …Read more

Forecasts: Residential Refinance & Purchase Lending, 30-Year Conventional Mortgage Rates, Home Sales — June 2018

Fortunately, Fannie Mae, Freddie Mac and the MBA update their quarterly and annual forecasts monthly for residential lending volumes –  both refinance and purchase transactions.  Driving these lending forecasts is  the expectation of future interest rates.  Since 2018 is almost one-half over there is not too much deviation in interest rate expectations for the year, …Read more

Existing Home Sales Down 1.39 Percent Year-To-Date in May 2018, Median Price Jumps 4.9 Percent in Past 12-Months

Tight inventories of listings for sale and rising residential mortgage interest rates and home values continued to deflect existing home sales in May 2018 as reported by the National Association of Realtors® (NAR).   Actual sales in May 2018 of 536,000 compared to 555,000 a year ago were down 3.4 percent, but sales year-to-date dipped just …Read more

Another Top-10 List — Metros with Greatest Number of Listings with Prices at $100,000 or Less

Affordability is the new battle cry across the U.S. as home prices continue to escalate at a rate much greater than the corresponding growth in incomes.  This particular affordability issue is being driven by demand simply outstripping supply. From a construction perspective, the U.S. continues to under-build housing.  In the 12-months ending April 2018, a …Read more

Year-To-Date Existing Home Sales Down 0.65 Percent, Seasonally Adjusted Homes Sales Off 1.4 percent Year-Over-Year in April 2018

Tight inventories of listings for sale and rising residential mortgage interest rates slightly deflected existing home sales in April 2018 as reported by the National Association of Realtors®.   Actual sales in April 2018 of 460,000 compared to 447,000 a year ago were up 2.9 percent, but sales year-to-date dipped 0.65 percent.  From a seasonally adjusted …Read more