Posts Tagged ‘existing home sales’

Existing Home Sales Up Sharply

Existing home sales surged in July. Sales for single family homes including condos and co-ops increased 7.2% July over June and were 5% higher than June 2008. The seasonally adjusted annual rate of sales came in at 5.2 million. In June of 2008 the SAAR was 5 million. Single family home sales not including condos […]

Existing Home Sales Continued To Trend Up In Q2

The NAR is out with some details on second quarter existing home sales. Here is a recap: Sales were up 3.8% Q2 over Q1. Unit sales were 4.76 million units in Q2 versus 4.58 million in Q1. Q2 2009 is 2.9% below Q2 2008. Foreclosures accounted for 36% of sales. Median prices in Q2 versus […]

Data: Existing Home Sales – New Unemployment Claims

The NAR reported that existing home sales increased 3.6% June over May. Unit sales in June were 4.89 million versus 4.72 million in June. Inventory fell to 3.82 million which represents a 9.4 month supply. Nothing here to knock your socks off but by the same token we are at least moving up. Hey, any […]

The NAR On Existing Home Sales And Low Ball Appraisals

The National Association of Realtors is out with their monthly report. Overall sales rose but less than expected. Their take on things was upbeat. Here are the details: Single-family home sales rose 1.9 percent to a seasonally adjusted annual rate of 4.25 million in May from a pace of 4.17 million in April, but are […]

Green Shoots And Dour Pundits

Let’s get all the economic news and opinion out of the way with one post. It’s not that dramatic and all of the pundits are beginning to sound tediously repetitive. According to the National Association of Realtors, single family home sales were up but so were inventories. Single-family home sales rose 2.5 percent to a […]

Employment And Existing Home Sales-More Of The Same

Existing home sales and the weekly labor report are both out today. Neither indicate much positive change. The four week moving average of new unemployment claims fell 12,000 to 646,750. This number needs to get to 600,000 or less to be viewed as a positive. Existing home sales for March fell 3.0% to 4.57 million […]