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%. The primary constraint to even more sales is the plummeting inventory of homes on the market, which is leading to bidding wars and spikes in home prices across the country.

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New home sales hot but not bubbly

Housing Wire

The recent new home sales data is at levels last seen in 2006, with monthly supply data back down to the low levels when new home sales data was really good. No, this is not a new home sales housing bubble as we are far from total new home sales being where they were in 2005.

Sales 279

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Insatiable demand drives July pending home sales up 15% annually

Housing Wire

pending home sales rose 5.9% We are witnessing a true V-shaped sales recovery as homebuyers continue their strong return to the housing market,” said Yun. All four regions of the country also saw month-over-month and year-over-year gains in pending home sales.

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Holy smokes — new home sales are up 32.1% year over year

Housing Wire

The one economic sector that has blown away my estimates this year has been the new home sales market. Today new home sales are up 32.1% The median sales price of new houses sold in September 2020 was $326,800. The average sales price was $405,400.

Sales 283

Pending home sales at an all-time high! Now what?

Housing Wire

Riddle me this: How can home sales grow when we have no homes to buy? When a monthly home sales print fails to meet expectations the excuse often used is that inventory is too low to meet the demand. We are steadily working our way toward a positive year for existing home sales.

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Sales of existing homes surge to a 14-year high

Housing Wire

Sales of existing homes rose to a 14-year high of 6 million in August, the National Association of Realtors said in a report on Tuesday. Combined sales of single-family houses, townhomes, condominiums and cooperatively owned apartments rose 2.4%

Sales 285

Sales of higher-priced properties drive California median home price to new high in July

Housing Wire

For the first time since February, July’s existing single-family home sales totaled 437,890 in July, up 28.8% Homes prices below $500,000 made up 40% of all sales in July, while sales of million-dollar properties were 20.4%

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A quick sale or a better sale

REM Online

The original post can be found at the following URL: A quick sale or a better sale. The original post can be found at the following URL: A quick sale or a better sale. Featured Ross Wilson a quick sale or a better sale cleanliness curb appeal showings

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

Housing Wire

If the February trend continued, total existing home sales would have been higher: we probably would have ended the year with sales between 5,7100,000 and 5,8400,000, a noticeable jump from last year’s number of roughly 5.3 million total home sales by the end of the year.

Sales 284

New-home sales show housing ready for rescue role

Housing Wire

Sales of new houses in August rose to 1.001 million at a seasonally adjusted and annualized pace, the Commerce Department said on Thursday – the first time the number has broken 1 million in 14 years. Get $75 off your initial membership with coupon code “intro75” The post New-home sales show housing ready for rescue role appeared first on HousingWire.

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Luxury home sales rise 41.5%, making biggest jump since 2013

Housing Wire

In the largest increase since 2013, luxury home sales rose 41.5% While sales in this segment of the housing market have skyrocketed, the sales of medium-priced homes went up only 3% and sales of affordable homes actually declined by 4.2%. Riverside sales are up 62.8%

Sales 285

U.S. home sales and median price soar to a record in July

Housing Wire

Existing-home sales jumped 25% in July from June, beating the prior record of a 21% gain set a month earlier , as low mortgage rates fueled demand for real estate. Sales of single-family homes, townhomes, condominiums, and co-ops rose to a seasonally adjusted 5.86

Sales 286

October Sales & Pricing, Preliminary

BubbleInfo

The post October Sales & Pricing, Preliminary appeared first on bubbleinfo.com. Jim's Take on the Market Sales and Price Check

Sales 56

Pending home sales fell in September, but annual gain is the important metric

Housing Wire

Today the National Association of Realtors reported pending home sales are up 20.5% Similarly, the recent Census/ HUD report on new home sales showed they were up 32.1% Focusing on the year-over-year data with home sales and especially with purchase applications is the key to understanding the market trends. After February’s existing home sales report, I would have expected the existing home sales data to have ended the year in the range of 5,710,000 to 5,840,000.

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Hamptons home sales begin cooling after summer’s frenetic pace

Housing Wire

Home sales in the Hamptons, the ritzy New York getaway for Wall Street titans and Hollywood celebrities, showed beginning signs of cooling off in September after a pandemic-induced boom during the summer months.

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Significant Sales | Volume III – Issue X

Sotheby's International Real Estate

From a captivating waterfront estate in California, to a historic castle in Belgium, this edition of Significant Sales showcases a selection of homes sold by Sotheby’s International Realty in the second quarter of 2020.

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NSDCC September Sales, Preliminary

BubbleInfo

The La Jolla-Carlsbad market had an incredible September, with sales up 43% YoY, and the median sales price was +10%! We’ll have another 20-30 sales reported in the coming days too. NSDCC Detached-Home Sales, September: Year Sept. It’s October!

Sales 60

Home Sales Hit a Record-Setting Rebound

Keeping Current Matters

Based on the latest Existing Home Sales Report from the National Association of Realtors (NAR), June hit a much-anticipated record-setting rebound to ignite that spark. According to NAR , home sales jumped 20.7%

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Sales of large homes skyrocket as homeowners seek more space

Housing Wire

Homebuyers who are juggling work and school from their home want more space, triggering an increase in the number of sales of large homes. According to Redfin , sales for large homes were up 21.2%

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Pending Home Sales Continue With Upward Momentum

RIS Media

Pending home sales continued with upward momentum in August. According to the National Association of REALTORS® (NAR), pending home sales for the month marked four consecutive months of growth, with gains across all major regions in both month-over-month and year-over-year transactions.

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Pending Home Sales Slightly Down in September

RIS Media

Pending home sales slid 2.2 regions recorded notable YoY increases, but only the Northeast posted month-over-month gains in pending home sales transactions. The post Pending Home Sales Slightly Down in September appeared first on RISMedia.

Sales 64

NSDCC August Sales

BubbleInfo

The post NSDCC August Sales appeared first on bubbleinfo.com. Jim's Take on the Market North County Coastal Sales and Price Check

Sales 61

NSDCC Sales, Jan-Aug

BubbleInfo

Sales has been robust over the last couple of months, and the national pending-home-sales index above shows how we’re just making up for lost time. The post NSDCC Sales, Jan-Aug appeared first on bubbleinfo.com. 2021 Jim's Take on the Market Sales and Price Check Virus

Sales 61

More NSDCC September Sales

BubbleInfo

We’re only three days into October so there will still be more reporting in the coming days… but September sales are pouring in! We had 52% more sales than we had last year in the La Jolla-to-Carlsbad market! NSDCC Detached-Home Sales, September: Year Sept.

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Existing-Home Sales: September Marks Fourth Consecutive Month of Growth

RIS Media

September marked the fourth consecutive month of existing-home sales growth, according to the National Association of REALTORS® (NAR). Overall, existing-home sales transactions increased 9.4 Single-family home sales increased 9.7 For condos and co-ops, existing sales increased 6.3

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Short Sale Mortgage Loans: What Borrowers Need To Know

HomeLight

But what if you’re buying a short sale? Does that mean you might encounter even more reasons to cry while trying to get a short sale mortgage loan ? Securing a short sale mortgage loan isn’t that different from purchasing a standard home. What’s a short sale ?

The #1 Reason Not to Wait to List Your House for Sale

Keeping Current Matters

Purchaser demand is so high, the market is running out of available homes for sale. The National Association of Realtors (NAR) revealed that, while home sales are skyrocketing, the inventory of existing homes for sale is dropping dramatically.

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Virtually Tour Homes for Sale in America’s Haunted Cities

Homes.com

With Halloween right around the corner, what better time to explore some spooky towns and their homes for sale? The post Virtually Tour Homes for Sale in America’s Haunted Cities appeared first on Homes.com. Home Tour Travel cities favorite for sale haunted homes

Sales 105

Pending-home sales take 2.2% hit

Inman

The National Association of Realtors' Pending Home Sales Index dropped 2.2 Analysis Data Markets & Economy Select coronavirus pandemic lawrence yun low interest rates NAR chief economist Lawrence Yun nar pending home sales index National Association of Realtors (NAR) pending home sales quarantine work from homepercent, to 130, in September after four consecutive months of contract activity growth.

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Home Building: Sales Outpacing Starts by a Historic Margin

Eye on Housing

Read More › The post Home Building: Sales Outpacing Starts by a Historic Margin first appeared on Eye On Housing. Economics economics home building housing sales single-family startsAfter a sharp decline in the spring, home building has staged a dramatic rebound.

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NSDCC August Sales – Preliminary

BubbleInfo

We still have four days to go this month, so it looks like we’ll be setting new monthly sales records again, just like last month (even with a covid asterisk): Town or Area Zip Code # of Sales, 2019 Median SP # of Sales, 2020 (so far) Median SP Cardiff 92007 11 $1,375,000 13 $1,625,000 […]. The post NSDCC August Sales – Preliminary appeared first on bubbleinfo.com. Jim's Take on the Market North County Coastal Sales and Price Check

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New Home Sales Surge in July

Eye on Housing

New single-family home sales surged in July, as housing demand was supported by low interest rates, a renewed consumer focus on the importance of housing, and rising demand in lower-density markets like suburbs and exurbs. Read More › Economics economics housing sales single-family

Sales 114

Del Mar Sale

BubbleInfo

Yesterday we closed escrow on our sale of 12911 Biscayne Cove in Del Mar! I suggested our initial list price of $1,495,000, based on these recent sales: The Barbados sale was off-market so we don’t know if that was high or low, so I didn’t use as a price gauge.

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Million-Dollar Sales Double

BubbleInfo

The post Million-Dollar Sales Double appeared first on bubbleinfo.com.

Sales 56

HousingWire Virtual Demo Day: Sales Boomerang

Housing Wire

Visit Sales Boomerang’s Services Guide Page. The post HousingWire Virtual Demo Day: Sales Boomerang appeared first on HousingWire. Prescriptive Scenarios. Prescriptive Scenarios enable loan officers to connect a borrower with the right type of loan at the right time based on the borrower’s needs and qualifications. It levels the playing field between your low performers and your top performers creating a full team of super producers! Product Fast Facts: #1.

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