Existing-home sales stepped out to a fast start in 2017. Total existing-home sales 1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, expanded 3.3 percent to a seasonally adjusted annual rate of 5.69 million in January from an upwardly revised 5.51 million in December 2016. January’s sales pace is 3.8 percent […]
Home prices are up to new highs
Home price appreciation picked up speed in the final three months of 2016, prompting the majority of metro areas to soar to new record highs with home prices, the National Association of REALTORS®’ latest quarterly report reveals. Of the 150 markets NAR has tracked since 2005, 52 percent – or 78 – now have a […]
Pending home sales bounce back
Pending home sales bounced back in December, despite ongoing inventory challenges and mortgage rate increases. Solid gains in contract signings in the South and West last month offset weakening activity in the Northeast and Midwest, the National Association of REALTORS® reported Tuesday. NAR’s Pending Home Sales Index – a forward-looking indicator based on contract signings […]
New homes sales plunged after 9-year high
Single-family new homes sales posted the largest drop in nearly a year in August, but builders say they’re not alarmed. Sales of newly built, single-family homes plunged 7.6 percent in August to an annual rate of 609,000 units, according to data released by the Commerce Department this week. Despite the drop, it is the second […]
