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

By Dennis Norman, on October 23rd, 2009

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 [...]

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

By Dennis Norman, on September 24th, 2009

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 [...]

Home Sales rose 7.2 percent in July

By Dennis Norman, on August 21st, 2009

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 [...]

Affordable home prices help boost existing home sales in most states

By Dennis Norman, on August 12th, 2009

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 [...]

Existing home sales up again
Up 3.6% for June

By Dennis Norman, on July 23rd, 2009

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

By Dennis Norman, on June 23rd, 2009

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

By Dennis Norman, on May 28th, 2009

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

By Dennis Norman, on May 27th, 2009

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

By Dennis Norman, on April 23rd, 2009

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, on March 24th, 2009

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. 

[...]

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

By Dennis Norman, on January 27th, 2009

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, on January 1st, 2009

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, on December 23rd, 2008

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 [...]

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