Did existing home sales peak in 2021?

Housing Wire

The National Association of Realtors reported that existing home sales for December came in as a miss of estimates at 6.18 This number is in line with my sales range for 2021 of 5.84 million, but a tad higher than my existing home sales range for 2022, which is between 5.74

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Existing home sales data: A bad sign for housing market?

Housing Wire

According to the National Association of Realtors, existing home sales for April’s housing market came in at 5,8500,000. This was a miss from estimates and the third straight month of declines in sales. This sales trend looks very normal to me.

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Existing home sales now outperforming

Housing Wire

The National Association of Realtors ‘ existing home sales report for October came in at a solid beat of estimates at 6.34 This number is above my trend sales peak of 6.2 million and that means we have had back-to-back existing home sales prints of over 6.2 NAR : Sales fell 5.8%

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Pending home sales dip as “seesaw” market continues

Housing Wire

Following a robust May, pending home sales declined in June. The overall pending home sales index fell 1.9% The volume of existing-home sales in 2001 was within the range of 5 to 5.5 Regionally, pending home sales in the Northeast increased 0.5%

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Millennials are Determined and Prices are Soaring: The Step-by-Step Formula for Closing More Sales to Millennial Buyers Fast!

Speaker: Paul Moya - CEO, Millennial Labs, and The Go-To Performance Marketing Strategist and Realtor Coach for the Best in the World

Join Paul Moya, CEO of Millennial Labs and the Go-To Performance Marketing Strategist and Realtor Coach for the Best in the World, as he shares insights and information about the importance of understanding a buyer and how their needs change with each generation.

Pending home sales data crushes housing bears

Housing Wire

Today’s pending home sales came in at a big beat of estimates, running at 8.1% One of my main goals for sharing housing sales data in 2021 is to give people a sales trend range to work off this year to know if home sales are doing well.

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Pending home sales down again in September

Housing Wire

After rising 8% in August, pending home sales dropped 2.3% in September, according to the National Association of Realtor’s pending home sales index report released on Thursday. Top markets for affordable renovated housing inventory.

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Pending home sales shock 2021 housing crash bears

Housing Wire

Today, pending home sales came in as a big beat of estimates — up 7.5% From the National Association of Realtors : “The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, rose 7.5% million when adding new home sales.

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Existing home sales: Unhealthy housing market continues

Housing Wire

Almost three months ago, I wrote that based on the year-over-year growth in purchase applications, the housing market should have a few existing home sales under 5,840,000. We ended 2020 with 5,640,000 existing home sales which was only roughly 130,000 more than 2017 levels.”

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2021 housing market forecast: What will fuel home sales?

Housing Wire

We already saw much of this movement in 2020, as home sales surged over 20% this fall, but many homeowners were nervous about listing during the pandemic and will be ready to sell in droves next year. This will send home sales to highs not seen since before the Great Recession of 2008.

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New home sales report is deja vu all over again

Housing Wire

Today the Census Bureau ‘ s new home sales report came in as a missed estimate at 744,000. This is in contrast to the existing home sales market, which I would say is outperforming. The new home sales marketplace has had a noticeable increase and has stayed higher.

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Positive revisions boost new home sales report

Housing Wire

In Tuesday’s new home sales report from the Census Bureau , monthly supply hit recent highs at 6.2 I focus on the monthly supply as being the most critical data for the new-home market. The new home sales market is a small but essential part of the overall market and the economy.

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Existing home sales show strength of demographics

Housing Wire

The National Association of Realtors reported existing home sales for the month of June were under their estimates slightly. If existing home sales were getting noticeably weaker, we would expect the sales trend to be around 5.3

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Low inventory stifles April’s pending home sales

Housing Wire

Like new and existing sales, pending home sales felt the strain of exhausted home inventory in April ? Against a pandemic landscape from last April, however, pending home sales signings are 51.7% The upper-end market is still moving sharply as inventory is more plentiful there.”.

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Existing-home sales rebound in September

Housing Wire

Existing-home sales rose 7.0% Despite this increase, sales of existing homes are still down 2.3% The gain in existing home-sales in September reflects contracts signed earlier in the summer,” Mike Fratantoni, MBA SVP and chief economist said in a statement.

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Home sale prices reach record highs — again

Housing Wire

The effects of low housing inventory continue to cause significant ripples in the housing market, as a recent Redfin report shows home sale prices across the country have reached an average of $344,625 — an all-time high, and an 18% increase year over year.

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New home sales juggernaut continues

Housing Wire

Sales of new homes rose to an annualized rate of 999,000 in October – 0.3% With October’s data in, new home sales have had the strongest three-month stretch since mid-2006, with each month falling just short of 1 million. months at the current sales rate.

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Why are builders happy despite new homes sales miss?

Housing Wire

Today the Census Bureau new home sales report came in as a miss of estimates at 745,000. In contrast to the existing home sales market, which I would say is outperforming currently with the recent growth in sales, the new home sales market is just OK and has been for some time.

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Existing home sales crush the housing bears — again

Housing Wire

The National Association of Realtors ‘ existing home sales report for September came in at an excellent beat of estimates at 6.29 So far this year, every existing home sales print has been higher in 2021 than the closing level of sales in 2020, which was 5.64

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Building material prices take their toll on new home sales

Housing Wire

Record-high building material prices and a continued lack of labor brought down new home sales in April to a seasonally adjusted annual rate of 863,000 ? April’s new home sales are nearly double that of April 2020’s estimate of 582,000. months at the current sales rate.

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Existing home sales pop the 2021 housing bubble boys

Housing Wire

The National Association of Realtors reported existing home sales for August came in at a very tiny beat of estimates at 5,880,000. So far this year, every existing home sales print has been higher in 2021 than the closing level of sales in 2020, which was 5,640,000.

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Home sales beat estimates: no housing crash in sight

Housing Wire

million home sales for July, which was an excellent beat of estimates and a dagger into the hearts of the 2021 housing crash crew. Both together make it very difficult for an epic housing crash in sales to happen, especially when the years 2008-2019 had the weakest housing recovery ever.

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Millennials are driving US home sales

Housing Wire

Existing home sales rose for the second consecutive month , as January saw a seasonally-adjusted annual rate of 6.69 Sales easily could have been even 20% higher if there had been more inventory and more choices,” Yun said. Yun predicts existing-home sales will reach at least 6.5

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Existing home sales dip downwards for fourth month

Housing Wire

Existing home sales fell for the fourth consecutive month in May, down.9% According to the NAR, despite existing home sales falling, activity is slowly approaching pre-pandemic levels. Regionally, only the Midwest experienced higher existing home sales from the month prior.

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Existing home sales are still too hot

Housing Wire

The National Association of Realtors reported that existing home sales for January were at 6,669,000, which beat estimates. The median sales price also jumped 14.1% We should all be jumping for joy as the bond market shows the American bears that America is back.

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New home sales fall to lowest pace in a year

Housing Wire

Sales of newly built , single-family homes fell to the lowest pace in a year, down 5.9% Regionally, new home sales rose in two of the four regions in May. Sales grew 33% in the Northeast, 6.7% Against the backdrop of the COVID-19 pandemic, new home sales are still 9.2%

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Existing home sales data: Look at year-over-year growth

Housing Wire

According to The National Association of Realtors, February’s existing home sales missed estimates , coming in at 6.2 Because February 2020 sales were strong, the year-over-year growth in sales for February 2021 is impressive at 9.1%.

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New home sales plunge 18.2%, but demand stays strong

Housing Wire

After a near decade high in January, new home sales for single-family houses plummeted 18.2% However, continued demand by homebuyers did manage to push new home sales 8.2% As for the West, new sales dropped 9.3% months at the current sales rate.

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Existing home sales surge 9.4% in September

Housing Wire

Sales of existing homes took off in September, jumping 9.4% Compared to a year ago, sales are up 20.9%. Unsold inventory measured as a “months supply” number that gauges how long it would take to sell all the homes if nothing else came on the market, was 2.7

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New home sales battled scorching prices in April

Housing Wire

Adjusting to seasonal effects, MBA estimates that new home sales in April rebounded from a two-month slump, increasing 8 percent to an annualized pace of 770,000 units,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting.

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Wow — 6 million existing home sales! However, context is key with 2020 housing market data

Housing Wire

housing market and compare those to where we are today — in the middle of one of the most epic years in our country’s history, due to COVID-19. No doubt about it, the COVID crisis has taken some juice out of the 2020 housing market. million total home sales by the end of the year.

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The best new home sales report ever

Housing Wire

Only then would we see enough demand from the new home sales market to warrant that much construction. This hasn’t happened yet, but the recent hew home sales report indicates we are getting there. months at the current sales rate.” Now, new home sales are 41.5%

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Why new home sales are finally moderating

Housing Wire

But, we hadn’t seen that moderation in any meaningful way until today’s new home sales data. The new home sales marketplace has been showing abnormally fast growth for the last several months. Exponential growth in any housing market data will eventually moderate.

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Are we back to a normal housing market?

Housing Wire

In the last few months in my articles for HousingWire, I have written that monthly supply has been rising and that this increasing supply was the most critical metric for the housing market, specifically the new home sales market. The post Are we back to a normal housing market?

Pending home sales continue to slip as 2021 approaches

Housing Wire

pending home sales slid for the third consecutive month in November, dropping 2.6% “It is important to keep in mind that the current sales and prices are far stronger than a year ago.” New home sales and existing home sales both also ticked down last month.

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Pending home sales crush hopes of forbearance crash bros

Housing Wire

The most recent pending home sales report that soundly beat estimates after a downtrend in the previous months caused some serious head-scratching. Pending home sales were up a healthy 8% from April and just over 13% compared to the same month last year.

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Pending home sales rebound in March

Housing Wire

The National Association of Realtors released encouraging news Thursday about the future of the housing market. The trade group reported that pending home sales – that is homes where a buyer signed a contract, but the sale has not closed – rose 1.9 % index points to 111.3

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