Existing Homes Sales: Youngstown Tops Least Expensive.

Home Prices Still Accelerating

Youngstown-Warren-Boardman: Tops Least Expensive U.S. Markets

Mr. Peanut welded on Youngstown's Spring Common BridgeHome prices showed strong growth in the final quarter of 2015, despite a slowing sales, according to a new quarterly report released by the National Association of REALTORS® (NAR) this week. Source: National Association of REALTORS®

The five most expensive housing metro areas in the fourth quarter of 2015 were:

  1. San Jose, Calif.: $940,000 (the median existing single-family home price)
  2. San Francisco: $781,600
  3. Honolulu: $716,600
  4. Anaheim-Santa Ana, Calif.: $708,700
  5. San Diego, $546,800

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Existing-Home Sales Hit Speed Bump in October

New and existing-home supply has struggled to improve so far this fall.

Mixed signals of slowing economic growth and volatility in the financial markets slightly tempered demand and contributed to the decreasing pace of sales.

Caution! Speed Bump. Slow to 5mph.With mortgage rates still below 4 percent for the third straight month, existing-home sales in October failed to keep pace with September’s jump, according to the National Association of Realtors®. All four regions posted “0” gains in sales in October.

Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, fell 3.4 percent to a seasonally adjusted annual rate of 5.36 million in October from 5.55 million in September.

😎 Despite last month’s decline, sales are still 3.9 percent above a year ago (5.16 million). Continue reading

Existing-Home Sales Find Strength in September

With Help From Substantial Seasonal Adjustment Existing Home Sales Rebound In September.

First–time buyers are still failing to generate any meaningful traction this year.

Existing–home sales rebounded strongly in September following August’s decline and have now increased year–over–year for 12 consecutive months, according to the National Association of Realtors®. All four major regions experienced sales gains in September.
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Existing-Home Sales in Downhill January Skid

Existing-home Sales Declined in January to 9 Month Low.

Available Inventory Remains Subdued

Downhill slide after fallExisting-home sales declined in January to their lowest rate in nine months, but the pace was higher than a year ago for the fourth straight month, according to the National Association of Realtors®. All major regions experienced declines in January, with the Northeast and West seeing the largest.

Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, fell 4.9 percent to a seasonally adjusted annual rate of 4.82 million in January (lowest since last April at 4.75 million) from an upwardly revised 5.07 million in December. Despite January’s decline, sales are higher by 3.2 percent than a year ago.

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Inventory Gains Help Warm Existing-Home Sales in May

Existing-Home Sales Turn North in May

Inventory Levels Continue to Improve

Back Yard Fireworks - Thrill or Threat?

Existing-home sales rose strongly in May and inventory gains continued to help moderate price growth, according to the National Association of Realtors®. All four regions of the country experienced sales gains compared to a month earlier.

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February Existing-Home Sales Sputter

Existing-Home Sales Lowest In 19 Months

Besides Weather NAR Now Blames Student Loans


Antique Car TroubleHome prices continued to rise in most of the country due to limited inventory conditions, but those same rising prices coupled with severe winter weather caused existing-home sales to slip in February–again, so says the National Association of Realtors®.

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Existing-Home Sales Miss Expectations, Plummet 5.1% To 18 Month Low

Existing-Home Sales Fall Off the Cliff in January; Prices Continue Climb

First-time homebuyers sank to the lowest share on record as all-cash/spec investors climbed to highest on record.

cliff-diver-plunge-drop-declineExisting-home sales fell in January to the lowest level in a year-and-a-half, but ongoing inventory shortages continue to lift prices in much of the U.S., according to the National Association of Realtors®. While I cannot totally discount the impact of weather in January, I think affordability, or lack there of, is chief among culprits (RealtyTracs reports house payment for a median-price home purchased in the fourth quarter of 2013 increased an average of 21 percent from a year ago).

Total existing-home sales (completed transactions that include single-family homes, townhomes, condominiums and co-ops) dropped 5.1 percent (extending a string of missed expectations to 5 months) to a seasonally adjusted annual rate of 4.62 million in January from 4.87 million in December , and are also 5.1 percent below the 4.87 million-unit pace in January 2013. Last month’s level of activity was the slowest since July 2012, when it stood at 4.59 million.

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December Existing-home Sales Weak; But Year Strong

December Existing-Home Sales Rise; 2013 Strongest Since 2006

1% rise in existing homes fell short of consensus Wall Street estimate of 4.93 million.

Too many homes for sale.Existing-home sales edged up in December, sales for all of 2013 were the highest since 2006, and median prices maintained strong growth, according to the National Association of Realtors®.

Total existing-home sales (completed transactions that include single-family homes, town-homes, condominiums and co-ops) increased 1.0 percent to a seasonally adjusted annual rate of 4.87 million in December from a downwardly revised 4.82 million in November, but are 0.6 percent below the 4.90 million-unit level in December 2012. Wall Street was looking for sales of 4.93 million.

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Existing Home Sales falls to 4.9M in November from 5.12M in October

US Existing Home Sales (MoM) falls to 4.9M in November from 5.12M in October

First year over year decline in 29 consecutive months of increases.

BUT… Strong Price Gains Continue… which is suddenly a good thing.

Slip, Slide, Decrease.Existing-home sales fell in November, for the fourth straight month, although median prices continue to show strong year-over-year growth, according to the National Association of Realtors®.

Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, dropped 4.3 percent to a seasonally adjusted annual rate of 4.90 million in November from 5.12 million in October, and are 1.2 percent below the 4.96 million-unit pace in November 2012.  This is the first time in 29 months that sales were below year-ago levels.

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August Existing-Home Sales Rise, Tight Inventory Push Prices Higher

August Existing-Home Sales Rise as Tight Inventory Push Prices Higher

sales unexpectedly rose to the highest level since Feb. ’07 – NAR warns peak may be temporary.

Increase, improve, grow, gain.Existing-home sales increased in August and reached the highest level in six-and-a-half years, while the median price shows nine consecutive months of double-digit year-over-year increases, according to the National Association of Realtors®.

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