Tag Archives: Existing Home Sales

Existing Home Sales Up 2.1 Percent Year-Over-Year in July 2017 but Slip 1.3 Percent Sequentially from June

Existing home sales rose 2.1 percent year-over-year to 5.44 million on a seasonally adjusted annualized rate (SAAR) but fell 1.3 percent sequentially from June according to the National Association of Realtors® (NAR).   Raw monthly home sales in July 2017 (not seasonally adjusted), at 513,000 single family, townhouse, condominium and co-op closings were unchanged from a …Read more

Residential Purchase and Refinance Lending Volume Forecast Update — July 2017

As we economists say, “forecasting is difficult, especially the future.”   Fortunately, Fannie Mae, Freddie Mac and the MBA update their quarterly and annual forecasts monthly for residential lending volumes –  both refinance and purchase transactions.  The forecasts typically span a three-year period, currently from 2016 to 2018.  The lagging year (2016 at this time) often …Read more

Housing Sales Forecast July 2017 — Fannie-Freddie-MBA

Each month Fannie Mae, Freddie Mac and the MBA forecast housing sales and price appreciation rates for coming years.   As you will see, there is neither a consensus nor even agreement in how the data are reported.   Fannie Mae and the MBA individually forecast existing home sales and  new single family home sales along with …Read more

Residential Buy Versus Rent by State

One of the largest decisions anyone makes is whether to purchase or rent a home.  The answer is not always straight forward.   Many factors are required to reach a financial solution:  home price, rent, income tax rate, interest rate, property tax, duration of rent or ownership, other tax deductions that can be itemized, insurance, homeowner …Read more

Existing Home Sales in June 2017 Up Slightly Year-Over-Year But Down 1.8 Percent Sequentially from May, Median Price Continue Strong Ascent

Existing home sales were up an ever-so-slight 0.7 percent in June 2017 versus a year ago, but fell 1.8 percent on a seasonally-adjusted annualized rate (SAAR) from May to 5.52 million according to the National Association of Realtors® (NAR).   Raw monthly home sales in June 2017 (not seasonally adjusted), at 601,000 single family, townhouse, condominium …Read more

Housing Sales Forecast — June 2017

Each month Fannie Mae, Freddie Mac and the MBA forecast housing sales and price appreciation rates for coming years. As you will see, there is neither a consensus nor even agreement in how the data are reported. Fannie Mae and the MBA individually forecast existing home sales and new single family home sales along with …Read more