Currently viewing the tag: "Existing Home Sales"

As expected, Existing Home Sales jumped last month as March revealed 7% more closings versus February.

The year over year figure shows that sales volume was up over 16%.

“Existing home sale” includes those homes that have previously been inhabited.  The opposite is a “new home sale” which has yet to be occupied.

The data [...]

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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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As expected, Existing Home Sales slipped about 30k units in February versus January.

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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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Pending Home Sales Up Slightly

On February 3, 2010 By

The Pending Home Sales Index rose slightly in December, climbing 1 percent from November.

It’s a figure compiled by the National Association of Realtors

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Pending Home Sales Improve

On February 3, 2010 By

The Pending Home Sales Index bounced back in December after November’s big drop.

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After last month’s surge on the November data, December’s Existing Home Sales dropped sharply–nearly 17 percent and a hitting a 4-month low.

Still, it wasn’t a complete surprise.

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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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Mortgage rates improved last week as money poured out of the stock market. The S&P dropped 4% in its worst week since October 2009.

This week looks to be extremely volatile.

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