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About That Existing Home Sales Report .. EHS Actually Rose By 6% In August

According to the Wall Street Journal, “Sales of previously owned homes fell 0.9% from a month earlier to an annual rate of 5.33 million, the National Association of Realtors said Thursday.” But that figure quoted by the National Association of Realtors (and repeated by the venerable Wall Street Journal) is based on SEASONALLY ADJUSTED sales. Show More Summary

Lawler on August Existing Home Sales

From housing economist Tom Lawler:In a report released this morning, the National Association of Realtors estimated that US existing home sales ran a seasonally adjusted annual rate of 5.33 million, down 0.9% from July’s downwardly revised (to 5.38 million from 5.39 million) pace and up 0.8% from last August’s seasonally adjusted pace. Show More Summary

US home sales dip in August as inventories plummet

Americans bought fewer homes in August, as a worsening inventory shortage appears to be pushing prices higher and sales totals lower. The National Association of Realtors says sales of existing … Click to Continue »

Here come existing home sales ...

The National Association of Realtors will publish its data on existing home sales during August at 10 a.m. ET. Economists forecast that sales of existing condos, co-ops, and single-family homes rose by 1.1% at a seasonally adjusted annual...Show More Summary

Don’t let student loan debt kill your clients’ dreams

The National Association of Realtors has been sounding the alarm about how student loan debt can make it harder for millennials to qualify for a mortgage and become homeowners...

Lawler: Early Read on Existing Home Sales in August

From housing economist Tom Lawler:Based on publicly-available state and local realtor/MLS reports from across the country released through today, I project that existing home sales as estimated by the National Association of Realtors...Show More Summary

July records second highest reading of pending home sales in a decade

Amid many other signs of upturn in the United States residential property market, the National Association of Realtors (NAR) said Thursday that July recorded the second highest reading of pending home sales in over a decade. The number...Show More Summary

NAR: Pending Home Sales Index increased 1.3% in July, up 1.4% year-over-year

From the NAR: Pending Home Sales Tick Up in JulyPending home sales expanded in most of the country in July and reached their second highest reading in over a decade, according to the National Association of Realtors®. Only the Midwest...Show More Summary

Pending home sales rise more than expected (XHB, ITB)

Pending home sales rose 1.3% in July, according to the National Association of Realtors. Compared to the prior year, sales fell 2.2%. Economists had forecast that pending sales, which measure contract activity and are an indicator of...Show More Summary

Despite tightening inventory, Realtors around the US still expect improving markets

If the National Association of Realtors Confidence Index survey is taken face value, Realtors could see the market as getting stronger -- but one may draw a slightly different conclusion after reading further into the report...

Existing home sales momentum slowed by low inventory in July

Low inventory slowed the momentum of existing homes sales in many parts of the U.S., leading to the lowest rate of transactions year-over-year for the first time since 2015, according to the National Association of Realtors. Total existing-home...Show More Summary

Facing affordability issues, home sales hit a wall in July

For four straight months, home sales have been steadily climbing, according to the National Association of Realtors. In May, existing home sales boasted their highest pace in nine years. But during this time, the dark overhang of tight inventory has never dissipated from the housing market conversation. Show More Summary

Here comes existing home sales...

The National Association of Realtors is expected to release its update on existing home sales at 10 a.m. ET. The measure of previously built homes sold in August is expected to come in at 5.51 million homes sold, a -0.4% change fromShow More Summary

San Francisco affordability reaches just 13 percent of households

The median home price in San Francisco reached $1.375 million in the second quarter, good for six times the U.S. national median of $240,700, according to California Association of Realtors (CAR) data as reported by Paragon Real Estate Group...

Drama Kings: SF Fed’s William Hawkish On December Rate Increase (Prob Rises Above 50%)

I remember Alan Meltzer’s speech at the National Association of Realtors calling for Fed transparency and adhere to a monetary rule (like a Taylor Rule) to give everyone an idea of what is happening with regard to monetary policy. Instead,...Show More Summary

Areas hit hardest by the real estate bust are now seeing the highest gains

Home prices in Miami, Las Vegas and parts of Arizona and California are outpacing the national average, according to the National Association of Realtors.

Housing permits struggle to keep pace with employment growth

As the job market continues to improve, the need for more properties follows suit. According to a National Association of Realtors Metropolitan Median Area Prices and Affordability and Housing Affordability Index, homebuilding of all housing types was under-performing in about two-thirds of the 146 metros measured in the second quarter of...

NAR releases Q2 median prices for single-family homes in metros

The National Association of Realtors' Metropolitan Median Area Prices and Affordability Report shows affordability becoming less prevalent compared to last year. Only 16 percent (29 out of 178) of metro statistical areas had a lower median price in the second quarter of 2016 than last year, NAR says...

Lawler: Early Read on Existing Home Sales in July

From housing economist Tom Lawler:Based on publicly-available state and local realtor/MLS reports from across the country released through today, I project that existing home sales as estimated by the National Association of Realtors...Show More Summary

NAR announces ‘Don’t Risk It’ video awards contest

Who said that talking about real estate risk management has to be boring? Certainly not the National Association of Realtors -- which is asking associations across the country to accept the challenge of "producing outstanding educational videos on risk management topics for real estate professionals," in its Don't Risk It Video Awards Contest, announced this week...

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