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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. MORE
A new report from Redfin revealed that condo sales rose 22.7% Single-family home sales grew 23.3% Condos sales are rebounding because buyers are finding great deals,” said Redfin’s Chief Economist Daryl Fairweather. year over year, while condo sale prices rose 9.9%. MORE
As the market has cooled due to higher costs, July recorded a slight gain of 1% for sales of newly-constructed single family homes, according to estimates from the Census Bureau and HUD. MORE
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. MORE
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% MORE
In Tuesday’s new home sales report from the Census Bureau , monthly supply hit recent highs at 6.2 The new home sales market is a small but essential part of the overall market and the economy. months at the current sales rate. MORE
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 By coincidence,” the NAR explained, “The volume of existing homes sales in 2001 fell within the range of 5 to 5.5 MORE
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. MORE
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 MORE
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. MORE
pending home sales dipped to the tune of 0.3% “Greater participation of sellers and builders in the months ahead will make home sales possible while easing some of the pressure on price growth, which is currently rising at a double-digit percent rate and has been for almost six months.” MORE
April’s existing home sales painted a familiar picture of a market still grappling with low supply as sales dropped for the third month in a row, down 2.7% This elevated level of competition may be starting to wear on buyers’ confidence and could be holding back sales volumes. MORE
Today the Census Bureau reported 863,000 new home sales in April 2021. From Census : “Sales of new single?family The difference in the two reports is not surprising; new home sales tend to fluctuate wildly month to month on both the positive and the negative. MORE
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. MORE
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. MORE
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. MORE
Extreme increases in lumber prices have caused some people to go bearish on new home sales. Mortgage rates have a much more significant influence on the new home sales market than lumber prices, even at their current highs. MORE
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% The last report on new home sales shows that housing data moderates and moves back to the trend. MORE
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% MORE
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. MORE
Pending home sales reached its highest mark for the month of May since 2005, up 8% from the previous month of April as low inventory continues driving buyers to snatch up available real estate. regions reported month-over-month and year-over-year home sale gains, per a release from the NAR. MORE
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. MORE
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. MORE
New home sales continued to slip in June, falling 6.6% The median sales price of new houses sold in June 2021 was $361,800. The average sales price was $428,700. ” The post New home sales dip for third consecutive month appeared first on HousingWire. MORE
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. MORE
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. months at the current sales rate.” MORE
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. MORE
The median home sale price increased 16% year-over-year to $331,590 – an all-time high, per a report this week from Redfin. The average sale-to-list price ratio, which measures how close homes are selling to their asking prices, increased to 100.2%. MORE
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% MORE
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% Regionally, pending home sales dropped month over month in all U.S. MORE
Home sales fell 1.2% The national median home-sale price hit a record high of $386,888, up 25% year over year, but a slight decline from the record of 26% in May. “Home sales are starting to stall because prices have increased beyond what many buyers can afford. MORE
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%. MORE
Sales of luxury homes rose 41.6% year-over-year in the first quarter of 2021, crushing sales of affordable homes (7% increase) and mid-priced homes (5.9%), per a recent report from Redfin. the biggest increase in luxury-home sales in the first quarter was Miami, with sales up 101.1% MORE
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 MORE
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. MORE
Sales Related Topics Housing Wire
AUGUST 25, 2021
In Tuesday’s new home sales report from the Census Bureau , monthly supply hit recent highs at 6.2 The new home sales market is a small but essential part of the overall market and the economy. months at the current sales rate.
Housing Wire
JULY 22, 2021
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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Housing Wire
MAY 27, 2021
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% Regionally, pending home sales dropped month over month in all U.S.
Housing Wire
AUGUST 23, 2021
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.
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.
Housing Wire
FEBRUARY 19, 2021
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% The last report on new home sales shows that housing data moderates and moves back to the trend.
Housing Wire
NOVEMBER 25, 2020
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.
Housing Wire
APRIL 26, 2021
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.
Housing Wire
JULY 29, 2021
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%
Housing Wire
JUNE 22, 2021
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.
Housing Wire
JUNE 23, 2021
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%
Housing Wire
MAY 25, 2021
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.
Housing Wire
DECEMBER 23, 2020
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. months at the current sales rate.”
Housing Wire
JUNE 30, 2021
Pending home sales reached its highest mark for the month of May since 2005, up 8% from the previous month of April as low inventory continues driving buyers to snatch up available real estate. regions reported month-over-month and year-over-year home sale gains, per a release from the NAR.
Housing Wire
JULY 5, 2021
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.
Housing Wire
MARCH 23, 2021
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.
Housing Wire
JANUARY 29, 2021
pending home sales dipped to the tune of 0.3% “Greater participation of sellers and builders in the months ahead will make home sales possible while easing some of the pressure on price growth, which is currently rising at a double-digit percent rate and has been for almost six months.”
Housing Wire
MARCH 22, 2021
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%.
Housing Wire
APRIL 29, 2021
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 By coincidence,” the NAR explained, “The volume of existing homes sales in 2001 fell within the range of 5 to 5.5
Housing Wire
JULY 16, 2021
Home sales fell 1.2% The national median home-sale price hit a record high of $386,888, up 25% year over year, but a slight decline from the record of 26% in May. “Home sales are starting to stall because prices have increased beyond what many buyers can afford.
Housing Wire
MAY 13, 2021
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.
Housing Wire
APRIL 21, 2021
Sales of luxury homes rose 41.6% year-over-year in the first quarter of 2021, crushing sales of affordable homes (7% increase) and mid-priced homes (5.9%), per a recent report from Redfin. the biggest increase in luxury-home sales in the first quarter was Miami, with sales up 101.1%
Housing Wire
MAY 21, 2021
April’s existing home sales painted a familiar picture of a market still grappling with low supply as sales dropped for the third month in a row, down 2.7% This elevated level of competition may be starting to wear on buyers’ confidence and could be holding back sales volumes.
Housing Wire
MAY 21, 2021
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.
Housing Wire
JULY 26, 2021
New home sales continued to slip in June, falling 6.6% The median sales price of new houses sold in June 2021 was $361,800. The average sales price was $428,700. ” The post New home sales dip for third consecutive month appeared first on HousingWire.
Housing Wire
DECEMBER 30, 2020
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.
Housing Wire
NOVEMBER 25, 2020
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%
Housing Wire
MAY 25, 2021
Today the Census Bureau reported 863,000 new home sales in April 2021. From Census : “Sales of new single?family The difference in the two reports is not surprising; new home sales tend to fluctuate wildly month to month on both the positive and the negative.
Housing Wire
AUGUST 27, 2020
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.
Housing Wire
SEPTEMBER 28, 2020
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.
Housing Wire
OCTOBER 22, 2020
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.
Eyes on Housing
AUGUST 24, 2021
As the market has cooled due to higher costs, July recorded a slight gain of 1% for sales of newly-constructed single family homes, according to estimates from the Census Bureau and HUD.
Housing Wire
NOVEMBER 30, 2020
A new report from Redfin revealed that condo sales rose 22.7% Single-family home sales grew 23.3% Condos sales are rebounding because buyers are finding great deals,” said Redfin’s Chief Economist Daryl Fairweather. year over year, while condo sale prices rose 9.9%.
Housing Wire
FEBRUARY 24, 2021
Extreme increases in lumber prices have caused some people to go bearish on new home sales. Mortgage rates have a much more significant influence on the new home sales market than lumber prices, even at their current highs.
Housing Wire
MARCH 26, 2021
The median home sale price increased 16% year-over-year to $331,590 – an all-time high, per a report this week from Redfin. The average sale-to-list price ratio, which measures how close homes are selling to their asking prices, increased to 100.2%.
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