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Existing home sales drops in January

Dennis Norman

According to the latest report from the National Association of REALTORS(R), existing home sales in January decreased 7.2 percent to a seasonally adjusted-annual rate of 5.05 million units in January from a level of 5.44 million units in December, however this does represent an increase over a year ago when the rate was 4.53 million units (seasonally adjusted).

Lawrence Yun, [...]

December home sales plummet but 2009 finishes stronger than 2008

Dennis Norman

NAR’s “seasonally-adjusted” numbers show sales down 16.7 percent for the month…2009 finishes with 5,156,000 homes sold…My projection for the year was 5,143,000 homes….missed it by 13,000 (2/10 of 1 percent) hmm..not bad for a “non-economist”

According to the latest report from the National Association of REALTORS(R), existing home sales in December decreased 16.7 percent to a [...]

‘Actual’ Existing home sales drop 5.2 percent in November; Up 4.2 percent from a year ago

Dennis Norman

NAR’s “seasonally-adjusted” numbers show sales up 7.4 percent for the month…”actual” numbers show a 5.2 percent decrease….Sales up 44 percent from last year, lest we not forgot last year was the worst in over 10 years…

According to the latest report from the National Association of REALTORS(R), existing home sales in November increased 7.4 percent [...]

Reports and headlines say home sales increased 10.1 percent in October, up 23.5 percent from a year ago; I say up 6.6 percent for the month and almost even with last year

Dennis Norman

National Association of REALTORS Report:

According to the latest report released today from the National Association of REALTORS(R), existing home sales in October jumped 10.1 percent to a seasonally adjusted-annual rate of 6.10 million units in October from a revised level of 5.54 million in September, and are 23.5 percent higher than the 4.94 [...]

Tax credits and distressed sales push home sales to highest pace in over two years

Dennis Norman

According to the latest report released today from the National Association of REALTORS(R), existing home sales in September jumped 9.4 percent to a seasonally adjusted-annual rate of 5.57 million units in September from a level of 5.09 million in August, and are 9.2 percent higher than the 5.10 million-unit pace in September 2008.  [...]

Existing homes sales down 2.7 percent in August; Median home prices drop 2.0 pecent for month

Dennis Norman

According to the latest report released today from the National Association of REALTORS(R), existing home sales in August dropped 2.7 percent to a seasonally adjusted rate of 5.1 million units down from a level of 5.24 million units in July.  This drop follows four-consecutive months of increases in the pace of existing home sales and, if we [...]

Home Sales rose 7.2 percent in July

Dennis Norman

According to the latest report released today from the National Association of REALTORS(R), existing home sales in July rose 7.2 percent to a seasonally adjusted rate of 5.24 million units up from a level of 4.89 million units in June.  Home sales data for July 2009 represents a 5.0 percent increase over home [...]

Affordable home prices help boost existing home sales in most states

Dennis Norman

According to the latest report released today from the National Association of REALTORS(R), existing-home sales in the second quarter showed healthy gains from the first quarter in the vast majority of states. 

Existing home sales (including single-family homes and condos) by state rose 3.8 percent to a seasonally adjusted annual rate of 4.76 million [...]

Existing home sales up again
Up 3.6% for June

Dennis Norman

Today the National Association of REALTORS(R) released its existing home sales report for June showing an increase in sales for the 3rd month in a row and home prices declining less sharply.

Existing home sales, including single-family, town-homes, condominiums and co-ops increased 3.6% in June to a seasonally adjusted annual rate of 4.89 million units.  [...]

Existing Home Sales Rise for 2nd Consecutive Month

Dennis Norman

By: Dennis Norman

Today the National Association of REALTORS(R) released its existing home sales report for May showing an increase in sales for the 2nd month in a row.  This is the first time we’ve seen two consecutive months of sales increases in almost 4 years.

Sales for May were at a seasonally-adjusted annual rate of 4,770,000 homes which [...]

Existing home sales in U.S. increase 2.9% in April – Prices hold steady

Dennis Norman

By: Dennis Norman

Yesterday the National Association of REALTORS(R) released its existing home sales report for April showing a slight increase in sales of 2.9% over March. 

Sales for April were at a seasonally-adjusted annual rate of 4,680,000 homes which is down 3.5% from last year, which means in year over year numbers things are improving because last months annual rate [...]

Florida home and condo sales rise for 8th month in a row

Dennis Norman

By: Dennis Norman

Existing home sales in Florida rose in April by 18 percent over a year ago and were up slightly from March.

Condo sales in Florida were up 21% in April from a year ago and up over 6% from March.

This increased activity is, at least in part, a result of significantly lower prices…the [...]

Existing home sales in U.S. dip 3% in March

Dennis Norman

By: Dennis Norman

Today the National Association of REALTORS(R) released its existing home sales report for March showing a slight decline of 3% from February.  This modest decrease following last months modest increase of 5.1% may show the market is starting to balance out.

Sales for March were at a seasonally-adjusted annual rate of 4,570,000 homes which [...]

Existing homes sales in U.S. up 5.1% in February

By: Dennis Norman

Dennis Norman

Yesterday the National Association of REALTORS(R) released its existing home sales report for February and it contained some good news.  According to the report existing home sales in the U.S. increased 5.1% in February over January although the rate is still down 4.6% from the same time last year. 

The Northeast region [...]

Home prices plummet..Sales rise…The law of supply and demand at work?

By: Dennis Norman

I am not an economist and don’t have a PhD…in fact I think the closest I ever came to an academic course in economics was a business management class in high school.  However, having said that, I think it is pretty clear that what is going on in the housing market now is a [...]

Have home prices REALLY dropped 18% in the past year??

By: Dennis Norman

If you live in Los Angeles California or Orlando Florida, then the answer unfortunately is yes.  However if you live in St. Louis Missouri, Louisville Kentucky, Boston Massachusetts, Houston Texas, Greenville South Carolina or any of dozens of metropolitan areas around the country the answer is no.  So why then, for the past 2 days has the media been [...]

New and Existing Homes sales plummet for November

By: Dennis Norman

This morning the National Association of REALTORS(R) released data for existing home sales for November.   The numbers show sales of existing homes down 8.6% nationwide versus October and down 10.6% versus last year.  The Northeast saw the biggest decline in sales being down 12.0% versus last month and 18.0% versus last year.  The west region only [...]