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Dennis Norman This week I attended an event at the St. Louis Association of REALTORS® in which Lawrence Yun, Chief Economist for the National Association of REALTORS® was the featured speaker and gave his take on the housing market as well as his housing market outlook. [...] 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 [...] Lawrence Yun, Chief Economist, NAR Today the National Association of REALTORS(R) issued their Pending Home Sales Index Report for July showing pending sales in the U.S. were up for the sixth consecutive month, the best streak since NAR began the pending home sale index in 2001. Today’s report is not the only recent report [...] 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 [...] 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 [...] Lawrence Yun, Chief Economist, NAR The real estate market continues to show signs of life and continues to point to the possibility that we have hit bottom. Today the National Association of REALTORS(R) issued their Pending Home Sales Index Report for June which showed pending sales were up for the fifth consecutive month, the [...] 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 [...] By: Dennis Norman Lawrence Yun, Chief Economist, NAR It appears that lower prices along with low interest rates are bringing buyers back into the market as the market continues to show signs of life and gives us hope that we may be near the bottom. The National Association of REALTORS(R) issued their Pending Home [...] 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 [...] 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 [...] By: Dennis Norman Lawrence Yun, Chief Economist, NAR Yesterday the National Association of REALTORS(R) issued their Pending Home Sales Index Report for March which showed, for the second consecutive month, an increase. Lawrence Yun, NAR chief economist, said “This increase could be the leading edge of first-time buyers responding to very favorable affordability conditions and [...] 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 [...] By: Dennis Norman Yesterday the National Association of REALTORS(R) issued their Pending Home Sales Index report for February which showed, for the U.S., a 2.1% increase over January. Lawrence Yun, NAR chief economist, said “Pending home sales have a way to go for there to be a meaningful increase, but recent increases in shopping activity [...] By: Dennis Norman According to the National Association of REALTORS(R) if a tax credit is made available to all home buyers and that credit need not be repaid then this could result in an additional 555,000 home sales. This echos my post of two days ago titled “Fix Housing First” with regard to the importance [...] By: Dennis Norman The National Association of REALTORS(R) announced that pending home sales for October, which were just released, show housing sales may be stabilizing which is good news. Even though the index showed a .7% decline from September and a 1% decrease from October 2007, Laurence Yun, the chief economist for the National [...] |
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