Tag Archives: NAR Report

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

DrTCJ’s Tweets June 17, 2016 Through July 7, 2016

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? More important perhaps, is that …Read more

Another Top-10 List — Best Housing Markets for Millennials

Millennials today make up the largest population cohort ever recorded in U.S., with an estimated 83 million in the 18 to 34 year old range. While many industry observers note that Millennials are not becoming homebuyers as did past generations, they also need to consider than their largest age group within Millennials is 24 years …Read more

Another Top-10 List — Fastest Growing Cities in 2016

There is a badge of merit for those metro areas having the greatest growth rates (both demographically as in population and economically) across the country. When It comes to population growth rates, bigger is better. Ditto the economy. What was hot last year, however, may not necessarily be so this year, and there may be …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

November 2015 Existing Home Sales — Down 3.8 Percent from a Year Ago, But Off 10.5 Percent from October 2015 With Much of the Decline Attributed to Newly Implemented TRID

Existing home sales in November 2015 were down 3.8 percent from a year ago at a seasonally adjusted annualized rate (SAAR) of 4.76 million, according to the National Association of Realtors® (NAR). However, when compared to October 2015, sales declined sequentially 10.5 percent (SAAR). Much, if not all of this decline, is attributed to the …Read more

October 2015 Existing Home Sales Up 3.9 Percent Year-Over-Year, But Down 3.4 Percent Sequentially from September 2015

Existing home sales increased from 5.16 million on a Seasonally Adjusted Annualized Rate (SAAR) in October 2014 to 5.36 million in October 2015, a gain of 3.9 percent according to the National Association of Realtors®. Sales were off sequentially from September 2015, however, dropping from 5.55 million on a SAAR. Median price rose 5.8 percent …Read more