Despite slight monthly decline, existing-home sales up 10.3% from a year ago Existing-home sales slipped 0.6 percent from February to March as a lack of home inventory continued to constrain purchases, the NATIONAL ASSOCIATION OF REALTORS® (NAR) reported. At a seasonally adjusted annual rate of 4.92 million, existing-home sales were still 10.3 percent higher than …
Despite some bumps in the road, the housing upturn is “intact” and rising home prices are expected to boost household net worth and offset fiscal tightening, according to a monthly economic outlook released by economists at Fannie Mae. Tight inventories continue to restrain sales of existing homes. Although the number of homes on the market …
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Existing-home sales, prices and inventory saw dramatic changes in 2012 reminiscent of the housing boom, statistics released by the NATIONAL ASSOCIATION OF REALTORS®. At 4.65 million units, 2012 existing-home sales were up 9.2 percent from 2011, according to NAR’s preliminary totals for the year. That would be the highest volume since 2007, when 5.03 million …
Demand in the Northeast and West drove an increase in pending home sales in November to the highest level in 2 1/2 years. Pending home sales grew by 1.7 percent from October to November and were up 9.8 percent from a year ago, reaching their highest level since April 2010, when buyers were rushing to …
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