Mar
Existing Home Sales flatten and point to a much better Spring
Brought to you by: www.thedailymortgagegazette.com As expected, Existing Home Sales fell in February, slipping 30,000 units versus January’s numbers. It’s the 4th straight month in which Existing Home Sales were lower, month-over-month. An “existing” home is one that is previously owned and lived-in (i.e. not new construction). Existing Home Sales peaked in November 2009, just [...]
Mar
Existing Home Sales drop again in January but stay on the trendline
Brought to you by: www.thedailymortgagegazette.com The winter months have not been kind to home sales. After plunging 17 percent in December, Existing Home Sales fell by an additional 7 percent in January, according to the National Association of Realtors®. An “existing home” is a home resold by a previous owner (i.e. not new construction). In [...]
Feb
Pending Home Sales Predicts a Stronger Spring Market
The Pending Home Sales Index rose slightly in December, climbing 1 percent from November. A Pending Home Sale is a home that is under contract to sell, but not yet sold. It’s a figure compiled by the National Association of Realtors® using sales data from over 100 regional listing services and more than 60 [...]
Aug
The long-term trendline for Existing Home Sales points to a housing recovery
Brought to you by your trusted advisor: Daniel A. Sosa The housing market continues to surprise. Last week, the latest good news came in the form of the monthly Existing Home Sales report. An “existing home” is a home sold by an existing owner as opposed to a developer. It’s non-new construction property. [...]