Existing-home sales in the West rose 5.1 percent to a pace of 1.23 million in December and are 8.8 percent higher than a year ago. The median price in the West was $239,900, which is 17.3 percent above December 2011.
Activity in June declined 0.6 percent to 5.38 million, down 2.2 percent from the prior year; however, inventory increased 4.3 percent to 1.95 million, and is 0.5 percent higher than the prior year-the first increase [.] The post Existing-Home Sales Slip, but Inventory Stirs appeared first on RISMedia.
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· WASHINGTON, DC – January 22, 2013 – (RealEstateRama) – Existing-home sales eased in December but are well above a year ago, while limited inventory maintained the upward momentum in home.
"With rents rising 4 percent annually, potential buyers are less likely to experience sticker shock and can make smart decisions on whether or not it makes sense to buy or continue. sales of.
Total existing-home sales, completed transactions including single-family homes, townhomes, condominiums and co-ops, dipped 1.2 percent to a seasonally adjusted annual rate of 5.08 million in June from a downwardly revised 5.14 million in May, but are 15.2 percent higher than the 4.41 million-unit level in June 2012.
Existing-home sales in the single-family space came in at 4.76 million in June, a 0.6 percent decrease from the 4.79 million in May, and a 2.3 percent decrease from the 4.87 million the prior year.
Total existing-home sales include completed transactions of single-family homes, townhomes, condos and co-ops. Total sales are down 4.4% from a year ago and a rate 5.43 million in April 2018. Last month, the NAR reported that existing-home sales fell 4.9% in March to a seasonally adjusted rate of 5.21 million units.
· Sales Slip as Condos Crack. Existing Home Sales decreased by 2.8 percent in December to a 5,490,000 unit annual rate. Existing home sales eased by 2.8 percent in December, ending the year in the same pattern that they started the year; zig zag with a gradual upward trend.
Freddie extends mortgage forbearance for unemployed Frannie forbears, unemployed homeowners defer | first tuesday. – Extend and pretend is alive and well: unemployed homeowners with mortgages owned by Freddie Mac and fannie mae (frannie) now have the option of participating in a mortgage forbearance program. The revised policy took effect February 1, 2012 for Freddie Mac and will take place March 1, 2012 for Fannie Mae.
· ”Led by a notable decrease in closing in the Northeast, existing home sales trailed off again last month, sliding to their slowest pace since February 2016,” said Lawrence Yun, chief economist at NAR. In July, existing home sales posted a seasonally adjusted annual rate of 5.34 million, down from 5.38 million in June.