Tag Archives: First-Time Homebuyers

May 2015 Existing Home Sales Robust — Up 9.2 Percent Year-Over-Year and 5.1 Percent Sequentially From April, Price Within 1 Percent of All-Time High

Existing home sales in May 2015 posted a solid 9.2 percent increase on a seasonally adjusted annualized rate (SAAR) compared to a year ago and rose 5.1 percent from April 2015 as first-time home buyers increased, reported the National Association of Realtors® (NAR). Median price ramped up 7.9 percent from a year ago to $228,700, …Read more

Another Top-10 List — States with the Highest and Lowest Residential Loan Down Payments

Absent from the housing recovery, at least until now, has been first-time homebuyers. Increased Credit Scrutiny, Dodd-Frank, Qualified Mortgages, Job Losses, Slow Economic Recovery and Student Loans have taken their toll. Key to limiting first-time homebuyers, however, has been the increased down payment since 2007 which has barred many prospective homeowners and relegated them to …Read more

April 2015 Existing Home Sales Up 6.1 Percent Year-Over-Year, But Off 3.3 Percent Sequentially from March 2015

April 2015 existing home sales, while up 6.1 percent from a year ago, declined 3.3 percent from March on a seasonally-adjusted annualized rate (SAAR) according to the National Association of Realtors® (NAR). April’s median price of $219,400 is up 8.9 percent from a year ago. When examining actual monthly sales numbers on a non-seasonally adjusted …Read more

March 2015 Existing Home Sales Rocket Off the Pad — Up 10.4 Percent Versus March 2014 and Up 6.1 Percent Sequentially from February 2015

Existing home sales rocketed off the pad in March 2015, increasing 10.4 percent from March 2014 and up sequentially 6.1 percent from February 2015 as reported by the National Association of Realtors® (NAR). March sales reached a seasonally adjusted annualized rate (SAAR) of 5.19 million dwellings – the best posted number since September 2013. The …Read more

Ted’s Tweets March 6 2015 – March 12 2015

For those of you that do not Tweet – you should consider doing so. If you want to talk about effective bang for the buck, the 140 total characters, letters, numbers and spaces of a Tweet on Twitter certainly qualifies. Who knew you could say so much in so little? It reminds me of Mark …Read more

Another Top-10 List — Most First-Time Homebuyers Putting Less Than 14 Percent Down Payment With a Minimum 20 Percent Millennial Growth Rate

What has been missing – until now – in the housing market recovery are first-time homebuyers. Considerable research and prognostications have been done as to why the entry-level market has been so sluggish. Many believe that it has been caused by two primary factors. The first limiting factor has been the massive increase in mortgage …Read more

September Existing Home Sales Hit the High-Water Mark of 2014 at 5.17 Million on an Annualized Basis — Median Price Up 5.6 Percent Year-Over-Year to $209,700

September existing home sales rose to the highest level seen thus far in 2014, reaching a seasonally adjusted annualized rate (SAAR) of 5.17 million according to the National Association of Realtors (NAR). While sales rose 2.4 percent sequentially from August, they were 1.7 percent less than the 5.26 million SAAR seen a year ago. The …Read more

August 2014 Existing Home Sales – Dipping 1.8 Percent Sequentially from July and Down 5.3 Percent Year-Over-Year from August 2013 — Not Necessarily Bad News

Sales of existing homes in August were on track at a seasonally adjusted annualized rate (SAAR) of 5.05 million homes, down 1.8 percent from July 2014 and off 5.3 percent from August 2013 according to the National Association of Realtors® (NAR). Median home prices rose 4.82 percent to $219,800 in August 2014 versus a year …Read more