Currently viewing the category: "Existing Home Sales"

The number of home resales plunged by 1.4 million units in July. Home buyers may uncover opportunities for a deal.

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The Existing Home Sales report shows a slight drop in May. It was the first drop after a three-month run up, but it is still the the second highest figure since November 2009.

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April revealed another good month of home sales, in part fueled by the first time home buyer tax credit expiration and continued low, low mortgage rates.

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Existing Home Sales rose in March, as expected. The first time homebuyer tax credit continues to fuel higher sales figures.

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Existing home sales dipped in February. As we’ve been discussing, November’s surge was the flood of first time home buyers out to meet the original deadline for the tax credit.

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The recent data looks like housing sales have slowed down, but it could be exactly the type of information that helps first time home buyers.

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First time home buyers win on the latest Existing Home Sales report. The reason is very simple: We’re going on nearly a year where the housing information was generally positive. We’re hearing more about multiple offer situations and seeing more competition for the most desirable homes.

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