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Dennis Norman Today the National Association of REALTORS released it’s January Pending Home Sales Index showing a decrease of 7.6 percent in the index from December, 2009 to January 2010 (seasonally adjusted) and a 12.3 percent increase from last year. Here are highlights from the report: January’’s pending home sales index (seasonally adjusted) was 90.4 (the index is based upon 100.0 being [...]
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, [...] Dennis Norman Today the National Association of REALTORS released it’s December Pending Home Sales Index showing an increase of 1.0 percent in the index from November (seasonally adjusted) and a 10.9 percent increase from last year. Here are highlights from the report: December’’s pending home sales index (seasonally adjusted) was 96.6 (the index is based upon 100.0 being [...]
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 [...] Dennis Norman Or should I say “It’s all in the headline”? So what am I talking about? The pending home sales data that was released by the National Association of REALTORS today, of course. Actually I could be referring to any data on the housing market whether new home sales, foreclosure rates, interest rates, existing home sales or inventories [...] Dennis Norman “The smartest home improvement investments may also be some of the least expensive” Realtors® report that the smartest home improvement investments may also be some of the least expensive. Results from the “2009 Remodeling Cost vs. Value Report” show that small-scale exterior projects are the most profitable at resale, according to a report from [...]
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 [...] According to NAR 51 percent of recent homebuyers are first-time buyers and 39 percent of recent home sales have relied on an FHA loan Dennis Norman The National Association of REALTORS just released a report showing that 51 percent of the homes sold recently have been to first-time home buyers and that 39 percent of all recent buyers have turned to an [...] Lawrence Yun, Chief Economist, NAR Is the increase real or have the tax-credits created an “artificial” market that cannot be sustained? Today the National Association of REALTORS(R) issued their Pending Home Sales Index Report for October showing pending sales in the U.S. rose again for the ninth consecutive month – marking the longest streak since since [...] Lawrence Yun, Chief Economist, NAR Today the National Association of REALTORS(R) issued their Pending Home Sales Index Report for September showing pending sales in the U.S. rose again for the eighth consecutive month – marking the longest streak since since NAR began the pending home sale index in 2001. As I have expressed previously, I’m somewhat cautious [...] Dennis Norman In yesterday’s update I had some rather encouraging news about the possible extension of the first-time home buyer tax credit of $8,000 that has stimulated some home buying but is set to expire on November 30th. The good news was that there is an agreement amongst the powers that be with regard to extending the home buyer [...] Dennis Norman I have been talking a lot lately about the first-time home buyer tax credit of $8,000 that has stimulated some home buying but is set to expire on November 30th. I have also shared the efforts by organizations such as the National Association of REALTORS, The Mortgage Bankers Associaiton, The National Association of Home Builders and Fix [...] 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. [...] 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 [...] Dennis Norman The National Association of REALTORS®is calling upon its 1.2 million members to urge Congress to extend the home-buyer tax credit into next year. According to NAR the $8,000 first-time home-buyer tax credit has brought 1.2 million new buyers into the market – 350,000 of whom would not have purchased a home without the credit. ”Now [...] 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 shedding some [...] 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 [...] 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 [...] 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 first [...] Dennis Norman By: Dennis Norman The National Association of REALTORS(R) has been reporting and tracking a “Housing Affordability Index” since January 1989. The index looks at whether or not an average family (an income equal to the median income) can qualify for a loan to buy a median-priced home. The Housing Affordabiity Index for June was at [...] 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. [...] To the right of this post is a player for Real Estate Today. The daily radio show produced by The National Association of REALTORS(R). Every day there is a new show with interesting and informative news and information for real estate consumers.
Dennis Norman By: Dennis Norman Realtor.Com and the National Association of REALTORS(R) released the results of it’s National Home Ownership Survey today. Employment concerns and the ability to make mortgage payments are the greatest barriers to home ownership today. This is particularly true for those people 25-49 years of age. 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 Sales Index Report [...] First off, my usual disclaimer…I am not an attorney and this is not intended to be legal advice or a legal opinion. Dennis Norman Now that we have that out of the way lets talk about options that may be available to you if you are one of the 20% of homeowners that a recent study [...] Dennis Norman By: Dennis Norman May1st the new Home Valuation Code of Conduct (HVCC) went into effect with regard to appraisals and the controversy over it began. It seems no one likes it; not appraisers, real estate agents nor lenders. Many complain it is slowing down the home sale process and increasing the cost of buying a home. This week [...] 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 [...] By: Dennis Norman Lawrence Yun, Chief Economist, NAR Today the National Association of REALTORS(R) issued their Pending Home Sales Index Report for April which showed a significant increase of 6.7% on the index, over March. April makes the third month in a row the index has increased. Lawrence Yun, NAR chief economist, said “buyers are responding to very favorable [...] 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 [...] Dennis Norman By: Dennis Norman According to a new study by the Center for Housing Policy despite declining home prices, many of the jobs created through the federal stimulus package do not pay enough to afford a home. The study, Paycheck to Paycheck: Wages and the Cost of Housing in America, This new study compares housing costs in more [...] |
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