Tag Archives: Home Value

Another Top-10 List — Best States for Homeownership 2016

When it comes to homeownership, or in this case, the ease thereof, not all states are equal. Once again I invoke the TINSTAANREM clause — There Is No Such Thing As A National Real Estate Market. Each real estate market is different. Ditto their underlying economies. This also applies to overall affordability, health and availability …Read more

June 2016 Existing Home Sales up 3.0 Percent Year-Over-Year to Greatest Level Since February 2007, Median Price Up 4.8 Percent to $247,700

U.S. existing home sales rose 3.0 percent year-over-year in June 2016 to 5.57 million on a seasonally adjusted annualized rate (SAAR) as reported by the National Association of Realtors® (NAR). This was greatest level seen since the 5.79 million reported in February 2007. Using unadjusted numbers, June residential home sales tallied 583,000. Median price was …Read more

February 2016 Existing Home Sales Up 2.2 Percent Year-Over-Year (SAAR) — But the True Story is in the Details

Even though monthly existing home sales increased from 295,000 in February 2015 to a preliminary 314,000 in February 2016 (up 6.4 percent), on a Seasonally Adjusted Annualized Rate (SAAR) they were up just 2.2 percent from 4.97 million to 5.08 million according to the National Association of Realtors® (NAR). When compared to January 2016, sales …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