24
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 [...]

2
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 [...]

3
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 [...]

25
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.  [...]