Tag Archives: Foreclosure

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

July Existing Housing Sales Hit Highest Annualized Level of 2014

July 2014 saw existing housing sales post the greatest seasonally adjusted annualized rate (SAAR) thus far this year at 5.15 million units according to the National Association of Realtors® (NAR). Sales increased 2.4 percent sequentially from June (revised), though they were off 4.3 percent from July 2013. Median price increased 4.9 percent from a year …Read more

Are You Using Twitter?

Since January 2, 2014, I have been Tweeting under the DrTCJ account. To view my homepage click: https://twitter.com/DrTCJ While many of you do not have Twitter accounts, or perhaps you do not follow me, please take a look at the Tweets from the first half of April 2014 in the bullets below. DrTCJ April 2014 …Read more

December 2013 Existing Home Sales Essentially Flat from December 2012 — Median Price Increased 9.9 Percent in the Same Period

Tough weather conditions in December saw existing home sales remain essentially flat (down 0.6 percent on a preliminary basis) when compared to December 2012, as reported by the National Association of Realtors® (NAR). The median home price was $198,000 for December 2013, a gain of 9.9 percent from 12-months earlier. For the entire year, NAR …Read more

Another Top-10 List (and you may not want to be on this one unless you bought early) — The Most Overvalued Residential Markets by Country

In my lifetime, I have seen home values in some markets rise to levels that were simply not sustainable given government policy, income levels, economic growth, new construction and inventory of existing housing. We saw that in recent years in many markets in the U.S. when home prices fell by 28 percent from July 2006 …Read more

October 2013 Existing Home Sales Up 6 Percent Versus October 2012 — Median Price of $199,500 Up 12.8 Percent

Existing home sales continue the recovery to normal, with October 2013 sales of 5.12 million on a seasonally-adjusted, annualized rate (SAAR), compared to 4.83 million a year ago, as reported by the National Association of Realtors® (NAR). This was a gain of 6 percent. Sequentially, however, sales dipped from 5.29 million in September 2013. Year-over-year …Read more