Category
National Association of Realtors
-
09.24.08Existing home sales slide 2.2% in AugustFrom the Atlanta Investor Wire: The sales of existing homes fell again in August after a slight gain in July according to the latest report by the National Association of Realtors. Nationwide, last month’s home sales fell 2.2 percent from July and were 10.7 percent below August 2007. The national median existing home price also fell in the past year from $224,400 to $203,100 – a drop of 9.5 percent. In the south, existing home sales actually increased 0.5 percent, but were still 15.1 percent off of last year’s pace. The median home price was $176,500, which is 3.4 percent lower than August of ...
-
08.25.08Existing home sales up 3.1 percentFrom the Atlanta Investor Wire: Nationwide sales of existing homes rose 3.1 percent off a ten year low last month, according to the latest National Association of Realtor report. It’s the highest level of existing home sales in five months. Still, resales were well below July 2007 – which are down 13.2 percent nationwide. The rise in sales was more than forecast and comes on the heels of an encouraging Pending Home Sales repost issued earlier this month. Driving the rise in the numbers of existing home sales is a significant drop in home prices. According to the NAR, the median price of an existing ...
-
08.18.08Surprise! Pending home sales are upFrom the Atlanta Investor Wire: The number of signed contracts to buy a home unexpectedly rose last month to the highest level seen in eight months. According to the National Association of Realtors’ Pending Home Sales Index released today, the number of contracts signed in June was up 5.3 percent from a downwardly-revised figure in May. The jump in the Index came as a surprise. Economists had widely expected that home sales contract signings would decline by 1 percent. Still, the number of pending home sales was 12.7 percent below last year’s levels. In the south, pending sales jumped 9.3 percent from last month, but ...