May 2017 Existing-Home Sales

NAR released a summary of existing-home sales data showing that housing market activity this May rose modestly 1.1 percent from last month and improved 2.7 percent from last year. May’s existing home sales reached the 5.62 million seasonally adjusted annual rate.  The national median existing-home price for all housing types was $252,800 in May, up […]

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Existing-Home Sales Bloom After Rainy April

Existing-home sales bloomed in May after a rainy April, with the median days on market at a new low and the median sales price at a new high, the National Association of REALTORS® (NAR) reports. Existing-home sales totaled 5.62 million, a 1.1 percent increase from April and a 2.7 percent increase from one year prior. […]

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Low Inventory Is Pushing Prices Up and Days on Market Down

Existing-homes rebounded nicely in May as more buyers navigated the headwinds of weaker affordability and limited listings in the affordable price range. It’s very evident that supply this spring severely lags demand in many parts of the country. It’s a big reason why home prices continue to outpace incomes and reached a new peak high […]

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NAR Midyear Forecast: Existing Sales Up 3.5 Percent

One of the most well-attended forums at the annual REALTORS® Legislative Meetings & Trade Expo is the Thursday morning housing and economic forecast headlined by NAR Chief Economist Lawrence Yun. This morning’s all-star trifecta of speakers did not disappoint. Yun was joined onstage with Jonathan Spader, senior research associate at the Joint Center for Housing Studies at […]

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Raw Count of Home Sales (March 2017)

Existing-home sales rose 4.4 percent in March from one month prior while new home sales increased 5.8 percent.  These headline figures are seasonally adjusted figures and are reported in the news.  However, for everyday practitioners, simple raw counts of home sales are often more meaningful than the seasonally adjusted figures.  The raw count determines income […]

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Existing-Home Sales March On at Highest Pace in 10-Plus Years

Existing-home sales leaped to their highest pace in 10-plus years in March, reaching a robust level of activity not seen since February 2007, according to the National Association of REALTORS® (NAR). Existing-home sales totaled 5.71 million last month, a 4.4 percent increase from February and 5.9 percent increase from one year prior. Inventory increased, as […]

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