Existing-home sales drop in September

Existing-home sales dropped in September amid reduced home affordability, as prices continued to rise on an annual basis, the National Association of Realtors (NAR) reported. “Affordability has fallen to a five-year low as home price increases easily outpaced income growth,” said Lawrence Yun, chief economist at NAR. “Expected rising mortgage interest rates will further lower …

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Current Real Estate Market Stats

“C.A.R. closely monitors and analyzes trends in the residential real estate industry; the table below contains the latest reported existing home sales series, median home prices, unsold inventory index, median time on market, first-time buyer housing affordability index, and the latest mortgage rates” (www.car.org). Click here for PDF version Here’s the most current Market @ …

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Existing-home sales increase as inventory shortage persists

Existing-home sales in May hit their highest level since November 2009 when a tax stimulus was fueling sales, according to the National Association of Realtors. May’s seasonally adjusted annual sales rate of 5.18 million units was up 12.9 percent from 4.59 million units in May 2012 and up 4.2 percent from 4.97 million units in …

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Home sales up 10.3% this past year

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 …

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