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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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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. 

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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 [...]

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 [...]

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 [...]