Tag Archives: Median Home Prices

Election-Year Home Sales Myths 2020

It’s an election year, so things are always different – correct?  Housing sales will be down no matter what?  Right?  The high-end market always slows – right?  Both are myths – but are they true? MythBusters was one of my favorite TV shows years ago, but analyzing these housing sales myths is not going to …Read more

Smoking-Hot New Home Sales – August 2020

Have been wanting to use the words Smoking Hot regarding real estate since the last downturn in 2008, and finally have a reason: August 2020 new home sales!   New home sales came in at a blistering 1.011 million units in August on seasonally adjusted annualized rate (SAAR), up a massive 43.2 percent from the prior …Read more

Existing Home Sales June 2020 — Extraordinarily Nimble in a Catastrophic Economy

Given the record 32.9 percent plunge in U.S. GDP in Q2 2020 (advanced estimate), June 2020 existing home sales levels could be described as unexpectedly resilient, down just 11.3 percent year-over-year on a seasonally adjusted annualized rate (SAAR) according to the National Association of Realtors® (NAR).   That descriptor rises to extraordinary when viewing the  year-over-year …Read more

Existing Single Family Home Sales Median Prices Q1 2020

Each quarter the National of Association of Realtors® (NAR) reports quarterly median prices for single family home sales and condominiums for almost 200 Metropolitan Statistical Areas (MSAs).  The following analysis is based on the current and prior reports from NAR on median prices of existing single family home sales. The first table below shows the …Read more

New Home Sales Pickup in May 2020

New home sales picked up the pace growing by double digits percentage wise in May 2020, as the demand for clean, safe and never-lived in housing rose.  Sales came in at 676,000 dwelling units on a seasonally adjusted annualized rate (SAAR) according to the U.S. Census Bureau, up 16.6 percent from the revised 580,000 in …Read more

Existing Home Sales Plunge in May 2020

Existing home sales in May 2020 plunged from a seasonally adjusted analyzed rate (SAAR) of 5.76 million in February to 3.91 million as of May (down 32.1 percent  and a year-over-year drop of 26.6 percent according to the National Association of Realtors® (NAR).  In comparison, during the housing bubble implosion, the largest decline was 30.1 …Read more

Potential High-Risk Housing Markets Due to Coronavirus

The economic impact of the Coronavirus varies from one city to the next  just like medical symptoms and severity of those infected by the virus differs from one person to another.    A myriad of factors affect how each local housing market will respond under these pressures and economic uncertainties.  My favorite economic and real estate …Read more